The video shows Jaco Isulutaq from Panniqtuuq (Pangnirtung Co-operative) sculpting. His work is being displayed by the Museum of Inuit Art which is celebrating the involvement of co-operatives in the art field as part of the International Year of Cooperatives. Pangnirtung - "the place of the bull caribou" - is located on a narrow coastal plain against a spectacular backdrop of high mountains and a winding river valley. Legend says a hunter named Atagooyuk gave the place its name well over 100 years ago when caribou had not yet changed their patterns as a result of the incursions of man. The last few decades, though filled with promise, have also been fraught with difficulties for the people of Pangnirtung. This was a seal-hunting community, and when sealskin prices declined precipitously in the 1970s and 1980s, hunting became uneconomical. With substantial government assistance, the community currently operates a turbot fishery. The government has also encouraged development of arts and crafts, including Pangnirtung's unique weaving industry. Incorporated in 1968, Pangnirtung Co-op operates a retail store, and property rentals.