Hold a "Favorite Things" party like Oprah (but w/way less $). Set $ limit, each guest buys 3 of their must-have items to give away, walk away with 3 different must-haves from your friends. Note to self: invite friends with fab taste!
You can easily make this from a t-shirt. The fringe is the bottom portion that has been cut in strips, (from side to side so it will stretch), and then sewn onto the top part. Fun and easy.