Break comes to a close, and you, a renowned mathematics professor, step into a grand lecture hall to deliver the first lecture of the semester on topology. This is an introductory course. Half of the students cannot even pronounce homeomorphism. As you look around the room, a bead of sweat works its way across your brow. All you can think of is the possibility that the entire class will fail, and you will be mocked by the other professors. Then you take a sip of water and pull yourself together. You pick up a fresh (but not too fresh) piece of chalk, write your name across the board--effectively marking your territory--and address the class.
How do you introduce a class of undergraduate students to the field of topology?
I am looking for a creative, but precise explanation of the field and the most fundamental topological concepts. Diagrams and metaphors are welcome.

The way I've always explained topology to my non-math friends is to imagine a piece of putty. We want to ask ourselves "what stays the same about the putty if we're able to stretch it, bend it, twist it, etc... provided that we cannot glue it to itself or cut it anywhere?" Another way I like to approach the problem to non-math people is to have them imagine their favorite geometric shape (I'm guessing you want to start from an intuitive standpoint with your students), and I tell them to consider properties we might be interested in: how many pieces does the shape have, does it have holes, how big is it, are there angles, what are their measurements, etc. I then ask them to consider what are the properties of the shape if we get rid of the notions of size, distance, and angles. From an intuitive standpoint we might say that we're simply left with holes and connected pieces (i.e. components), but in essence we can infer that Topology is the study of the properties of some geometric object or space that remain the same under continuous deformation.
This might be one way to introduce the subject, but I suppose it depends on whether this is topology course for majors or non-majors. If it's a class for non-majors then we can illustrate some of the more advanced ideas in topology with interesting examples: fundamental groups, homology groups, homotopies (even just doing these things with the sphere and torus, and illustrating how they can be used as classification tools might be sufficient). If the course is for majors then I assume that you'll need to go the point-set theoretic approach with defining a topology on a set as a collection of subsets with global union and intersection properties. Starting from point-set topology it's important to constantly illustrate both the simple counter-intuitive examples (i.e. non-trivial topologies on finite sets, say), with the more intuitive topologies of spaces we can visualize (manifolds in 1 or 2 dimensions, products of spaces, disjoint unions of spaces, etc.).
A decent book for you to check out (and might be especially appealing since it's freely available online) is Topology Without Tears. This is a concise book that takes a point-set approach (nothing terribly advanced though, definitely no homology in this text) but makes it quite easy. Can't beat the price.