For a 4-year-old, a copy of a favorite book, a finger puppet kit (typically sold in dollar sections of discount stores), a tube of bubbles -- tied off with a jumprope.
For a new baby boy, a Fun in the Sun bucket. The basis for the gift was an infant size swimsuit we didn't end up using. I found color coordinated accessories to accompany the swimsuit -- including sunglasses, a hat, towel -- even the sunscreen was the right color combo!
I'm not sure I saved any money on this gift, as one would expect with a re-gift, but it was fun to put together.
Favorite of the day: Rain inspired bridal shower (inc. printables)
Working on: I was told this a.m. by the kid that I REALLY need to clean up in here. So, I guess I will be cleaning tonight.