I know some people here are curious about the "OSR", which is about a lot of different things. One of those things is returning to older versions of games and trying to play them "by the book".
Here's a wonderful Actual Play account of such a game over on RPG.net: a group has decided to take on this challenge of playing an old version of D&D rules as "by the book" as possible. They eventually start naming all their characters using names from the Lord of the Rings, which adds to the fun.
Not only a great transcript of play (concise and focusing on the important bits), but also a good discussion as well as a really entertaining read.
It's fun to see this group discovering and re-discovering certain elements on old-school D&D play. (Although some of their solutions, like what they do with prime requisite XP bonuses, are downright brilliant.)
If you're curious about this sort of thing, take a look:
(EDIT: If you want a "guided tour", instead of going through the whole thing, skip ahead to HERE
The best part starts around page 8:
The Fellowship met at Rivendell to discuss the cursed One Ring.
Elrond, "It must be taken to Mt. Doom and destroyed, but unfortunately, you are all first level and have no hope. You will have to first delve dungeon after dungeon, accumulating gold, because as we all know, hoarding treasure somehow makes us more powerful."
"Yes," said Gandalf, "This is known to be true."
And so the Fellowship of the Bling was formed with one goal--Grab the loot so someday, maybe they could think about making a plan to destroy the one ring. Many, many years from now.
And so the Fellowship of the Bling descends the stone steps into a dark and damp corridor. Gandalf holds his lantern aloft, and they soon come upon a door and a south easterly bend in the passage.