(UPDATE: Because your TBC editor is a moron, he didn't realize you can actually CHANGE the league settings so that there can be more than 12 maximum teams. So if you're one of our beloved regular commenters---Jointhead, H, you kids in?---and have seen that the league is filled, DON'T PANIC. I've changed the maximum to 15 teams. If there's somehow even more interest than that, we'll up it again. THANK YOU FOR YOUR PATIENCE, ETC.)
(ALSO: We'll try to figure out a reasonable draft time that works for everybody Very Soon.)
If you don't have a Yahoo account of any kind, obviously you'll have to create one.
When you get to the part where the webpage demands "League ID" and "Password," here's what you need to type:
League ID: 28670
From there it should be easy to create/name your team, etc. The official URL for our league is http://hockey.fantasysports.yahoo.com/league/bluelandchronicleleague
Hooray! If you have problems let us know in the comments section.