Mixing Framerates in Sony Vegas

It seems that as soon as I purchased a camera that only shot in 24p, I've had issues trying to get the footage to play nice with my camcorder, which only shoots in 30p. When I would combine the footage on the same timeline in Sony Vegas Pro, I would get motion blur from the clip that didn't match the project framerate. After looking for what seemed like forever to solve this problem, I came across the answer on the web. I was so relieved (and thought others might also benefit), I made a quick video about it and am sharing it with you.

Though not confirmed, this trick should work with all versions of Sony Vegas, making it useful to any Vegas user.