diff --git a/Makefile b/Makefile
index ea1efe075..020424360 100644
--- a/Makefile
+++ b/Makefile
@@ -1,9 +1,9 @@
-all: compile exe readme man-page bash-completion update-latest
+all: compile readme man-page bash-completion update-latest
 
-update-latest:
+update-latest: youtube-dl
 	./youtube-dl --version > LATEST_VERSION
 
-readme:
+readme: youtube-dl README.md
 	@options=$$(COLUMNS=80 ./youtube-dl --help | sed -e '1,/.*General Options.*/ d' -e 's/^\W\{2\}\(\w\)/## \1/') && \
 		header=$$(sed -e '/.*# OPTIONS/,$$ d' README.md) && \
 		footer=$$(sed -e '1,/.*# FAQ/ d' README.md) && \
@@ -15,15 +15,15 @@ readme:
 		echo '# FAQ' >> README.md && \
 		echo "$${footer}" >> README.md
 
-man-page:
+man-page: README.md
 	pandoc -s -w man README.md -o youtube-dl.1
 
-bash-completion:
+bash-completion: 
 	@options=`egrep -o '(--[a-z-]+) ' README.md | sort -u | xargs echo` && \
 		content=`sed "s/opts=\"[^\"]*\"/opts=\"$${options}\"/g" youtube-dl.bash-completion` && \
 		echo "$${content}" > youtube-dl.bash-completion
 
-compile:
+compile: 
 	zip --quiet --junk-paths youtube-dl youtube_dl/*.py
 	echo '#!/usr/bin/env python' > youtube-dl
 	cat youtube-dl.zip >> youtube-dl
@@ -32,17 +32,16 @@ compile:
 exe:
 	bash devscripts/wine-py2exe.sh build_exe.py
 
-install:
+install: youtube-dl youtube-dl.1 youtube-dl.bash-completion
 	install -m 755 --owner root --group root youtube-dl /usr/local/bin/
 	install -m 644 --owner root --group root youtube-dl.1 /usr/local/man/man1
 	install -m 644 --owner root --group root youtube-dl.bash-completion /etc/bash_completion.d/youtube-dl
 
-release:
+release: all exe youtube-dl.exe
 	@if [ -z "$$version" ]; then echo 'ERROR: specify version number like this: make release version=1994.09.06'; exit 1; fi
 	@if [ ! -z "`git tag | grep "$$version"`" ]; then echo 'ERROR: version already present'; exit 1; fi
 	@if [ ! -z "`git status --porcelain`" ]; then echo 'ERROR: the working directory is not clean; commit or stash changes'; exit 1; fi
 	@sed -i "s/__version__ = '.*'/__version__ = '$$version'/" youtube_dl/__init__.py
-	make all
 	git add -A
 	git commit -m "release $$version"
 	git tag -m "Release $$version" "$$version"