The TechCrunch Disrupt Hackathon 2011 was a 24-hour event where many teams worked tirelessly to create innovative solutions using Twilio's APIs and other tools. The event culminated in a 60-second pitch competition, with four winning teams and two honorable mentions announced. The winners showcased projects such as Gilt-ii, Docracy, Doach, and Dispatch IO, which utilized Twilio's capabilities for various purposes like auctions, document sharing, and cloud management. Other notable projects included JoystiCC and Venture Crapital, which leveraged Twilio's APIs to create engaging experiences in gaming and venture capital simulations. The event also highlighted the potential of Twilio's developer community, with many teams utilizing its resources and expertise to build innovative applications.