LOVE the santa cookie plate idea!!

I was also thinking of felt cut outs for stockings and they would "sew" the stocking & decorate it.
I did this as a kid and my mom still hve my stocking it's a bit of prep but easy for my age group.

<somthing like this-------> http://crafts.kaboose.com/felt-stocking.html

Mine had hole-punched holes going around and we had to sew the two psices together then glued the white "fluf" on and decorated with glitter glue. Also our names were written along the side. (My brother had the same teacher 4yrs later and they did the same thing lol)