–UPDATED 5 Sept 2010–
Make a floppy disk wall clock !:
http://www.instructables.com/id/Make-a-Floppy-Disc-Wall-Clock/
Make a floppy disk bag:
http://www.instructables.com/id/Floppy-Disk-Bag/
Maybe make a floppy disk photo cube:
http://www.makingfriends.com/floppycube.htm
make a floppy disk pen caddy:
http://www.microsoft.com/canada/home/projectsandcrafts/2.5.33_recyclecomputerdisksandpartsintocrafts.asp
or my favorite, make the Starship Enterprise:
http://www.asciipr0n.com/archive/0013/bonnie/craft/