Shadow Boxes with newborn outfit, bracelet, a picture perhaps, and some letters if you want. be creative. clocks stopped at birth time :) its kind of like the picture one, but instead of picture its a cool shadow box! good for keepsake when child gets to be an adult! he/she can show their kids!
It's called a "Punch Box" and it's a great alternative to a pinata. (Four-year-olds with big sticks can be a little scary sometimes.) Instead of beating on a pinata with a stick, each child punches through one of the pretty colored circles in order to grab the prize inside.