Here's a great idea from Martha Stewart, stamping a place setting directly onto a paper tablecloth. See one photo at right.
These little treat bags were decorated for Halloween, but I love the idea for any occasion.
Here are some pretty paper button printables from Creature Comforts.
You'll see a cute bug birthday themed party here by Chelsea, of Itty Bitty Birdy.
Looking to make grad party favours? This is a neat idea from Not So Idle Hands. See one photo at left.