WOW OK, IF IT RAINS ONE MORE TIME, I'M GOING TO PUNCH SEVERAL BABIES.
Rudyy, seeing as I couldn't get this in in time before the Eli thread got locked earlier...
You will most likely never have to write a paper using Chicago. Just about the only people that still use it are historians and some philosophy profs. It's pretty much the old standard that MLA and APA replaced.
However, for the record:
Footnoting >>> In line citation
And just wait until you have to write annotated bibliographies. Those are so much fun. Ick.