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This, good readers, is the 7-inch long Pico Z X-Rotor (not a typo) from Radio Shack. At $40 it's clearly intended as a kids toy but I can hear the cubicle warriors of the world wishing for them right now. They even come with three control channels so you and two buddies can have aerial helicopter dogfights in the cafeteria! You know everyone will be jealous! I suggest you buy some spraypaint to so you can "pimp" them (and tell them apart). Good news: they come with spare rotors in case of collisions. Here's a link: Silverlit PicooZ RC Micro Helicopter====
It looks like a backpack and works like a backpack, but it's really the hippest new ipod accessory for the school-going types. The Nike C.O.R.E. Audio iPod backpack fits an ipod safely inside away from harm while providing controls in the shoulder strap and a connector for headphones. There's also a padded laptop compartment and a ready-access organizer for mobile phones or PDAs. Priced at $40, it's a quick way to seem cool to the teens on your list. This should be a link to that item: Nike C.O.R.E. Large Backpack====
Some other hot items this christmas (you'll note I love linking to Amazon, it saves me all sorts of time :) )
The JVC HANC80 Folding Noise Cancelling Headphone
LEGO Mindstorms Robotic Invention 2.0
And for those who can't stand toys but still love computers, the Logitech MX Revolution Cordless Laser Mouse