If you really want to watch Naruto, here's a few pieces of advice:
1) The entire first 30 or so episodes can be summed up by "Naruto, Sasuke and Sakura are newbie ninjas and Kakashi is their teacher. They get suckered into escorting a guy to his home-land and eventually realize he's far more valuable than he said. People want to kill him. His family is sad." You may now proceed to the Zabuza & Haku vs Team Kakashi bridge battle.
2) You can skip ahead again to the Chounin exams. "Sasuke gets bitten by a bad dude named Orochimaru. It causes him great pain when he uses his family blood-line techniques/Sharringan. His growing frustration with not being as good as, or on par with Naruto, leads him to eventually leave with Kakashi for one-on-one personal training." You may now watch the actual Chounin exams tournament, skipping the whole Forest of Death part. Notable thing you could go back for are new characters (Gaara and Lee especially.)
3) After the Chounin exams are done, you can pretty much watch Naruto without skipping or needing any massive summaries. There are moments, however, where you can skip a few boring episodes (mini-arcs, as I call them) and not miss anything truly important.
4) Anything worth mentioning in Naruto is going to be mentioned 50 times over, so even if you skip the 3rd-7th mentionings, don't fret, it'll come up again later. Things such as Lee insisting he will become a splendid ninja even if he does not posses ninjutsu or genjutsu.
5) When you get to the Time Skip, start reading the manga. It's much faster paced and you avoid the aforementioned 5-episode staring contests.