well, I deleted the OLD ‘below the fold’ stuff — basically it was a clumsy way of doing it.
Mostly because it basically did “The Loop”, but after a single post (the latest), it then changed the format of subsequent posts to “excerpts”, and through the magic of styling and divs, changed the format of THOSE to a different location (“below the fold”) as well as a different style.
Its clumsy, because if you SEARCH for different items, your results will ALSO end up the same way; the first item will be okay, but the rest of your search results will be styled “below the fold” — which is REALLY supposed to be for INDEPENDENT, footer-type items … latest posts, latest links, a detailed “about” and so on.
Therefore, a new “below the fold” is the following:
1) truly independent, and in the “footer.php”
2) will include the following items, independent of whats above the fold:
a) latest entries / popular entries
b) latest “news” (aka magnolia or delicious entries)
c) blog roll — popular other blogs
d) a true footer
To accomplish this, you fundamentally need to sort out the trick to get multiple loops on the same page.
Why? The latest series of posts above the loop — that’s loop #1. The last series of entries below the loop, to show up on every single page independently of what’s above the loop (it could just be headlines a la “crate“) is loop #2.
The Codex has what seems to be a good explanation of how to do more than one loop AND be able to select which posts to select IN that loop:

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Test
Hello world
This is a second test
Another test.
TESTITO!