The ladies of DIY on the Fly have some hot crafts for you to make. Although you may want to make sure that the kids have supervision before you start.
There's a little bit of plastic and bling for Miss Thing! Margot Potter has these crazy beads that you heat up to create crafts. Check out the 411 here on her website.
Cheryl Burchett got all up in the hair with some cool bows for clips. I'm thinking you can learn to make some crazy bows and save some moolah in the process. Check her stuff out here on her blog.