Here is an interesting article from today’s Guardian about memorizing poetry:
Memories are made of this: how to boost your mind
I am, I tell Foer, having trouble with the third stanza. ("He holds him with his skinny hand/'There was a ship', quoth he/'Hold off! unhand me, grey-beard loon!'/Eftsoons his hand dropped he.") I have, perhaps a little ambitiously, tried to store all four lines in the kitchen fridge. The door handle I have removed and replaced with the gnarled hand of an old man clinging tight to the sleeve of a wedding guest's grey suit. On top of the fridge is a stuffed raven in a miniature wooden warship, while on a shelf inside, a bearded duck is biting a stranger's hand off. This is not what Coleridge had in mind.
I think Rime of the Ancient Mariner would be a good candidate for a Weekly Memory Challenge project, though maybe not the first one, unless people are up for something that long to start with.