It's a contest, and IFC is, like, the thing the contest is for. Gottit. A film channel.
Okay, well then, best of luck to you and your design. I doubt it will win (more of a communist splattercult tee than a indie film tee) but I'd still buy it if OMG made a non-IFC-branded version.
Lose the logo and I'd buy (and wear) it. Otherwise: Feh!
ps. IFC... is that some sort of "teevee" thing?