With free sites, it's important to think WITHIN the box. Don't get overly creative or attempt to market too much with any one site, especially if you are new to the game. You must drop the mall from this site. But I would get rid of the library as well. That's a shit load of pages that could be better used elswhere.
Also, your mouseover on the the alt.com and bondage.com banners is all wrong. When moused over, the surfer should see the simplied address (no scary affiliate code) of the sponsor link and nothing else. In other words, when I mouseover the first banner I should see
http://www.alt.com in the address bar, but I'm reading 'What an incredible way to find a slave/slut...and it's really free!'. It doesn't return to normal when I pull away either.
On the bright side, you still have more room for advertising on your gallery pages.