About.com has several homemade gag gift ideas, including a fisherman's ruler, candy bar letter, maxi-pad slippers and reindeer or Easter bunny droppings. The fisherman's ruler is a 6-inch tongue depressor marked to suggest that it is a 12-inch ruler.
The candy bar letter is for a graduation gift, although it is possible to adapt it for other uses. Actual candy bars, such as PayDay and Milky Way, take the place of certain words on a poster-board letter. To make ridiculous slippers, gift-givers can glue maxi-pads together and decorate with charms, beads, silk flowers or other accents. Small brown candies accompanied by a poem represent reindeer or rabbit droppings.