Actually, that's a 103 step program, but I agree with the advice. If you want to get a job, you need experience... And the internet is full of projects that need bugfixes. That stuff looks -great- on a resume. Take that from someone who interviews hirees.
I agree. As I mentioned on one of my CV reviews from the other week(Sorry if I didn't get to yours yet, I have my list but it takes me 10-15 minutes to do a good one and I've been short on time). When I get a CV I scan it quickly for an idea of what the person is about then throw it out or in another pile for a more in depth read.
A link to github or a blog or something where I can see some of their work "in the wild" (not just a portfolio link) always gets them in the second pile as I find code a far better indicator of a good programmer than a good CV.