Update: This is a bad idea if you’re counting on reliability. Free hosting is, after all, free. So expect frequent downtime of whatever you’re hosting!
Thank’s Rohit, for directing me to x10hosting; I know have unlimited bandwidth, unlimited space, and it’s, would you believe it, for free! Plus I’m running on a free .co.cc domain. Though there are the more than occasional account suspensions for stepping over the line (which includes trying to back up your entire WordPress blog), it’s the perfect way to try out setting up a server and your own domain before getting looted by some hosting provider. Give it a try yourself, or watch me play around at eyeshalfclosed.co.cc!