What's a good camcorder for under $300?

I’m looking to make a movie with my friends. It’s going to mostly be shot in the evening and early night, and I’d like it to be good quality picture. I don’t know much about cameras, so I need some advice. The picture doesn’t have to be insanely perfect, just nice to watch. What’s a good camera for under $300 that could give me that? Over $300 is ok, but that would really be a stretch considering my lack of money. I want to shoot digitally. Could someone recommend a good editing software as well?