Here is one idea you can use for nice rails 3 app if you have like 100 hours.
LinkedIn suck. Its something from myspace age. There are multiple problems with it but its still #1 HR tool
Would be cool if you can make LinkedIn-like network or just start with directory that would be great for searching and hiring best experts.
Extra bonuses:
Import users data from LI, Fb, etc
Smart limiting contacting abilities to prevent spamming.
Smart ratings for ppl based on their social impact (like hn karma, stackoverflow rating, github, etc)
Mortality bonus:
"Pay to pitch" feature. Instead of spending $400 to post job ads on 37signals job board, recruiter can pitch his ad to top 400 Rails developers. Developers have to reply and can donate these money to some charity of their chose.
Let me know if you are interested or need more clarification with that idea