This free guitar lesson by Jody Worrell will teach you two shapes for playing arpeggios. An arpeggios is when you the play the notes of a chord in succession. We'll learn how to play a G Major and G Minor arpeggio.
Watch the lesson: Quicktime or Flash
Here is the tab for the arpeggios we're going to play

Major and Minor Arpeggio Exercises by Jody Worrell is a downloadable Quicktime video lesson that will teach you some exercises using arpeggio patterns. These drills will help you play arpeggios better as well as improve your overall left and right hand technique. These exercises make a great addition to any guitarist's practice routine. The download includes a .pdf with the tab for each of these exercises. $4.99
Watch sample clips: Quicktime or Flash