Ok, so March is coming up, which means another month which means a new toy

I've narrowed my choices down to a Laptop and an HD Camcorder.
Both are in the same price range. (800-900)
Now, For March I am trying to decide between the following:
-An HD Camcorder (As a photographer, I'm also into making "how-to" videos on Photography to help others learn some techniques, and a Camcorder would do the job.) And when I travel this summer
me and some friends are planning on making a short film to enter in the Toronto film festival 2009, so 2 HD cam's could be better than 1

(And I will be video "journaling" my travels this summer)
-A new HP Laptop (I just got my Desktop, which runs Photoshop and edits all my photos at home like a powerhouse. The problem is, my current laptop being 2 years old, is crap. The battery lasts about 30 minutes on a full charge. It
only has a 40GB HD, and can't even run Photoshop Elements 5

) So the new Laptop would consist of a 250GB HD, 3Gb of RAM, 16", dual core 2.1Ghz which is a HUGE upgrade. It would do all my photos
on the go and be the storage and upload device while Im not at home.
The new "toy" I'm getting it April is plane tickets to wherever I decide to travel this summer. April also my 16th birthday = party.
BUT, (Here is where it gets tricky with tough decisions)
MAY- I could buy whatever I don't get in March. So if I buy the Camcorder in March, I could get a laptop in May. Or, vice verse.
I'm not sure what to do. I have an HD camcorder set out and researched, so if I wait until May to buy the Laptop then I could get a better
one then.
Juny/July are gone to nothing, to be spent on travels.
Any suggestions/ideas please