For a couple of years, a friend of mine organized a Bad Art night, similar to this:http://www.thegreenguide.org/arts/centers.php
The basic premise is that you focus on creating, having fun, enjoying each others' company, and playing with materials. It was a blast. Toward the end, a lot of my creations involved marabou feathers and sequins.
At one of the easter themed parties, my friend and I created a "Peep" Show out of Peep bunnies and chicks.
Other themes includes Thanksgiving, flipflops, aprons, white elephant Xmas (we exchanged white elephant gifts and then decorated them), easter eggs, and father's day neckties.
Schedules got to be too hectic for people in the group, but it's a fun idea for people who have a lot of supplies on hand, and who need a break from being focused on always making a project that is 'good.'