Whoever invented this Monorail System is a GENIUS!!!!!!! :D
My friend and I paid for a 24 hour pass and it was only $12 each!!!!! What a deal!! This is way cheaper than a cab, and you don't have to worry about driving around in the horrible Vegas traffic or getting DUIs.
The Monorail system is very quick and efficient. It is computer operated so it is available even during late/early hours of the night. On Saturday I remember they said it would be available every 5 minutes... but on Sunday it was available once every 7 minutes. I was there during Memorial's Day Weekend so the timing probably varies depending on how busy it is... but the wait definitely isn't too bad at all.
They have 7 stops: MGM Grand, Bally's/Paris, Flamingo/Caesar's Palace, Harrah's/The Quad, LV Convention Center, Las Vegas Hotel and Sahara. From these stops, you can basically walk to any of the other hotel, casino and attractions on the Strip!!!
I wish we had something like this back in college!!!