Red Ring of DEATH!?

What the Hell! I'm so fricken pissed off! I got Call of Duty: World at War for christmas, and when i go to turn my xbox on. the power lights start flashing red! I mean WTF! Christmas of all days for this to happen! I played Banjo on it on the day before and it worked fine! I just got that Elite for my Birthday in May! I thought Elites werent supposed to get the red ring!? omg microsoft you suck