https://www.youtube.com/watch?v=db-7J5OaSag
RiftSketch is an HTML5 live-coding environment for the Oculus Rift.
It lets you code a "sketch" in JavaScript, using ThreeJS, and the world around you changes immediately as you code.
It's quite a niche application since you need to have an Oculus Rift, be a JavaScript programmer and be sufficiently familiar with Three.js but if you meet that criteria it's a surprisingly fun and engaging experience!
If happen to have a Rift and you want to try it out yourself, download the Windows or OS X dev build of Firefox that includes the WebVR APIs from http://blog.bitops.com/blog/2014/08/20/updated-firefox-vr-builds/ and visit http://brianpeiris.github.io/RiftSketch with your Rift hooked up.