Is it possible to have more than one event/project in Imovie at the same time?

Let me see if I can shorten this. I am working on a project for a review. It's going to take quite awhile and I'm half way through it. However, I need to work on another project, one thats short and I can dish out fairly quickly. My problem is that I cannot start it without discarding my current project. Which I cannot do because I will lose a weeks worth of data. And I cannot save it because it will combine all the clips and I would have to re-split them (half a days progress).
So in short, is there a way to save my project as-is? Or possible create a new event and start a new project while maintaining my current work? Thank you for your help!

Version 10.0.3 is the latest version of iMovie. iMove '11 (as in 2011) is version 9.
iMovie saves your Projects automatically. So you can just choose to create a new Project. Your existing Projects will remain available for you to go back to whenever you like.
You can have as many Projects as you like. You don't need ot finish one before you begin another.
Post back if you have specific questions.
Matt

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