Advanced students should have the skills to handle the majority of real life material and are hoping to take on exams such as CAE, IELTs, TOEFL® or learn English for academic purposes.
I also find at this stage that grammar points become more trivial and there is a greater need to emphasise skills and lexis building in areas of interest. This is also an excellent stage to give students more project work to reinforce not just their English, but also their creativity.
This resource includes: how to introduce yourself, talking about football (soccer) and pollution. This listening resource was made with Dave Sconda of English Meeting.
This listening resource tells the story of the Internet Meltdown that happened at the end of 2006 it includes an audio story, the script and IELTs style questions which can be used for exam preparation or just to test understanding.
This short documentary made by Abela Productions (my brother's company) discusses the contribution Lincolnshire made in the second World War. It is approximately 3 minutes long.
This listening resource discusses the logging situation in Indonesia and how it affects Malaysians. This is ideal practice for IELTS and includes IELTs style questions which can be used for exam preparation or just to test understanding.
For business studies students this is a useful case-study for those studying corporate responsibility.
Royal Literary Fund
Headway - Oxford ELT book with plenty of free resources.
esl.about.com - Full of resources on nearly every subject.
Teachit.co.uk - aimed at secondary children, but some resources can easily be adapted.
Learn English - British Council Website with lots of resources for more advanced learners.
The Language Works