gistfile1.txt

whatever.com (directory under source control)
|
|+ templates (django templates for this site)
|+ media     (contains media, css, js, etc needed for this specific site)
|- project   (the django project directory)
   |- settings.py
   |- urls.py
   |+ app1
   |+ app2
|+ env       (the virtualenv directory, which isn't under source control via .gitignore or similar)