If you are into crafting and upcycling/recycling, Newlyweds on a Budget and All Things Fee are hosting a craft night on May 2, 2012. The theme is using your old magazines in a new crafty way. You may want to check out Pinterest for inspiration.
Finally, if you use Pinterest to give you ideas and inspiration, Two Yellow Birds Decor and The Taylor House are co-hosting a pinterest project challenge. You just need to search pinterest for that project you just LOVE (can be ANYTING...food, crafts, etc). Then, you turn this inspiration into a reality by recreating it.