In this article, the authors discuss a unique project carried out by 13 teams of four students each in the undergraduate Development Economics class during the 2012 spring semester at a private liberal arts college. The goal of the "Dream Experiment" was to think of an idea that promotes development, employs concepts from development economics, uses a real-world situation from a developing country, and has implications for policy if the experiment goes ahead. The authors present details of the project's modus operandi, provide a case study as an example, and highlight lessons for economics pedagogy. (Contains 1 table and 3 notes.)