Use Photoshop or similar image editing software to create a *square* proportioned graphic using the above method to generate the content. I also think people should be allowed to do manipulations to the photo, in so far that the original image is for the most part, recognizable.
Submit to me: fake-album-covers (@) vdsfreak (.) com
*Include the link to the original photo if possible... It's cool to compare.
More info about the origin of fake album covers here.