About Panic Attack:
I think people liked it, because it was a cool (SFX)trailer for a non-existing movie.
It builds up tension, has powerful rock, cool robots and a lot of destruction, leaving the spectator with the question 'How will this end?'
I don't think the makers were struggling to make a perfect short: they wanted to make something spectaculair. (Just like Ritchie Blackmore said about 'Deep Purple in Rock': "if it's not spectaculair, we won't record it."
)
Was it the best SFX-trailer ever?
No.
But a lot of people won't see that.
Besides that: it was seeded and spread in clever way, with the story that it was shot for less than $100,-
That made a lot of people think: "wow!"
Wanting to make your first short ever perfect could be paralyzing.
So maybe you should aim for spectaculair, shocking, funny, scary or magical and make it the best you can.
All the lessons you learn in this project will make you better, sharper and hopefully more convident. Besides that: it might persuade other people to join your next project (which you may try to make perfect).
Off-topic:
...............without knowing an iota of my background.....
Is this a real English proverb?
It's almost the same as the Dutch proverb with the 'iota', but I've never heard of seen it in English