| x | ANNUAL      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|------------------------------------------------------------------------------------------|

For the fiscal year ended:     February28, 2009

| o | TRANSITION      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------|

| Nevada                               |   | 26-3509845                  |
|--------------------------------------|--------|-----------------------------|
| (State      or other jurisdiction of |   | (I.R.S.      employer       |
| incorporation      or formation)     |   | identification      number) |

| Weston,      FL 33326 |
|-----------------------|

| Issuer’s      telephone number: | (954)      888-9779 |
|---------------------------------------|---------------------|
| Issuer’s      facsimile number: | (954)888-9082       |
|                                  |                |

----

| Large      accelerated filer | o      |   | Accelerated      filer         | o      |   |
|------------------------------|--------|--------|--------------------------------|--------|--------|
|                         |   |   |                           |   |   |
| Non-accelerated      filer   | o      |   | Smaller      reporting company | x      |   |

----

----

| ExhibitNumber |   | Description      of Exhibits                                                                                                 |
|---------------|--------|------------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                         |
| 3.1           |   | Articles      of Incorporation of Maximus (1)                                                                                |
|          |   |                                                                                                                         |
| 3.1.1         |   | Amended      Articles of Incorporation of Maximus (1)                                                                        |
|          |   |                                                                                                                         |
| 3.1.2         |   | Amendment      to the Articles of Incorporation of Maximus (4)                                                               |
|          |   |                                                                                                                         |
| 3.2.1         |   | Bylaws      of Next 1 Interactive, Inc. (1)                                                                                  |
|          |   |                                                                                                                         |
| 3.2.2         |   | Bylaws      of Extraordinary Vacations USA, Inc. (4)                                                                         |
|          |   |                                                                                                                         |
| 4.1           |   | Form      of Common Stock Certificate (4)                                                                                    |
|          |   |                                                                                                                         |
| 4.2           |   | Certificate      of Designations of Series A 10% Cumulative Convertible Preferred Stock of      Next 1 Interactive, Inc. (4) |
|          |   |                                                                                                                         |
| 10.1          |   | Share      Transaction Purchase Agreement dated September 24, 2008 between EXVG,      EVUSA and Maximus (2)                  |
|          |   |                                                                                                                         |
| 10.2          |   | Employment      Agreement between the Company and William Kerby (4)                                                          |
|          |   |                                                                                                                         |
| 10.3          |   | Employment      Agreement between the Company and Teresa McWilliams (4)                                                      |
|          |   |                                                                                                                         |
| 10.4          |   | Consulting      Agreement between the Company and Anthony Byron (4)                                                          |
|          |   |                                                                                                                         |
| 14.1          |   | Code      of Ethics (4)                                                                                                      |

| 14.2   |   | Code      of Business Conduct (4)                                                                                                                                                                                                                                                            |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                         |
| 16.1   |   | Letter,      dated October 10, 2008, by Malone & Bailey, P.C., registered      independent public auditors (3)                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                         |
| 31.1   |   | Certification      of the Registrant’s Principal Executive Officer pursuant to 15d-15(e),      under the Securities and Exchange Act of 1934, as amended, with      respect to the registrant’s Annual Report on Form 10-K for the fiscal year      ended February 28, 2009 |
|   |   |                                                                                                                                                                                                                                                                                         |
| 31.2   |   | Certification      of the Registrant’s Principal Financial Officer pursuant to 15d-15(e),      under the Securities and Exchange Act of 1934, as amended, with      respect to the registrant’s Annual Report on Form 10-K for the fiscal year      ended February 28, 2009 |
|   |   |                                                                                                                                                                                                                                                                                         |
| 32.1   |   | Certification      of the Registrant’s Principal Executive Officer pursuant to 18 U.S.C.      Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                         |
| 32.2   |   | Certification      of the Registrant’s Principal Financial Officer pursuant to 18 U.S.C.      Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002                                                                                        |

----

|   | (1)      Incorporated by reference from the Company’s Registration Statement on      Form SB-2 (SEC File No. 333-136630) filed on August 14,      2006. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2)      Incorporated by reference from the Company’s Registration Statement on      Form S-1 (SEC File No. 333-154177) filed on October 10,      2008. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3)      Incorporated by reference from the Company’s Registration Statement on      Form 8-K filed on October 10, 2008. |
|--------|--------------------------------------------------------------------------------------------------------------------------------|

|   | (4)      Incorporated by reference from the Company’s Amendment No. 1 to      Registration Statement on Form S-1 (SEC File No. 333-154177) filed on      March 12, 2009. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  Date:  June      24, 2009 |   | NEXT      1 INTERACTIVE, INC.                                                                          |
|-------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|
|                                      |   |                                                                                                   |
|                                      | By:    | /s/      WILLIAM KERBY                                                                                 |
|                                      |   | William      KerbyChief      Executive Officerand      Vice Chairman(Principal      Executive Officer) |

| Signature                  |   | Title                                             |   | Date               |
|----------------------------|--------|---------------------------------------------------|--------|--------------------|
|                       |   |                                              |   |               |
| /s/      WILLIAM KERBY     |   | Chief      Executive Officer and Vice Chairman    |   | June      24, 2009 |
| William      Kerby         |   | (Principal      Executive Officer)                |   |               |
|                       |   |                                              |   |               |
| /s/      TERESA MCWILLIAMS |   | Chief      Financial Officer                      |   | June      24, 2009 |
| Teresa      McWilliams     |   | (Principal      Financial and Accounting Officer) |   |               |
|                       |   |                                              |   |               |
| /s/      JAMES WHYTE       |   | Chairman      of the Board                        |   | June      24, 2009 |
| James      Whyte           |   |                                              |   |               |
|                       |   |                                              |   |               |
| /s/      ANTHONY BYRON     |   | Chief      Operating Officer and Director         |   | June      24, 2009 |
| Anthony      Byron         |   |                                              |   |               |

----