Make a fullscreen mode without using the OS X Lion full screen junk

The only way I discovered so far to make Sublime 2 full screen is the OS X Lion standard way. However, this full screen mode is unusable since it blacks out the secondary monitor.

I would like to code on my main monitor in full screen mode and watch a webcast / training video on my notebook screen. With OS X Lion full screen this is not possible.

Also see:
http://osxdaily.com/2011/06/16/os-x-lion-full-screen-app-mode-doesnt-play-well-with-external-displays/