Some of you might be interested in a thread I'm participating in for creating 100 new low-level magic items. My favorites so far (among mine, though I like many of the other offerings too!) are, The Myopic Minikin and Megan's Mancatcher.
Enjoy (and participate if you are so inclined).
BTW: Scaleydemon who started this thread is the same person publishing the AFS magazine (q.v.)