Nice try, but I don't think it'll make it...
You've got the drawing style and you know how to draw and stuff, I like the graphics, but it should have been less sketch-like, these graphics look a litle half-finished, if you know what I mean...
You could also make some more animation, for example in the part when he walks seen from the side. That's just a single graphic moved up and down a little. You could at least make the legs move...
As for the plot... Well, sit down and think a while and I'm sure you can come up with something much better =)
Overall a nice try, but I think the graphics and maybe the plot will get it blammed. Improve your graphics and I'm sure you can make good stuff.