Burn a personalized CD

Buy a gift certificate for iTunes

Make a photo album or flip book
(available at WAL*MART.com or snapfish.com)

Make a movie from your photos (iMovie for Macs or PhotoStory for PCs)
(http://www.microsoft.com/windowsxp/using/digitalphotography/photostory/default.mspx)

Create a family recipe book (http://www.freeprintablerecipecards.net or http://tipnut.com/free-printable-recipe-cards-a-nice-collection)

Design a custom bookmark (http://www.graphicgarden.com/files17/eng/print/bookmark)

Personalized stationary (or make your own with clipart and MS Office)
(http://www.freeprintablestationery.net/ or http://multimediadesignbysandy.com/stationary.html)

Make blueprints for LEGO® creations
You can find directions for building all sorts of different things with Lego's. Why not print these out and put them in a three ring binder?
(http://www.lionsgatemodels.com/prod-free-instructions.htm or http://www.lego.com/en-US/default.aspx)

Make a family calendar (http://www.printfree.com/Calendars_Customizable_Monthly.htm or http://mc1soft.com/calendars)

All kinds of cool stuff to do with your digital photos, from posters and puzzles to CD covers and LOLcat pictures. (http://bighugelabs.com/)

Source: Thriftyfun.com