Second star~ oh my god, I am so glad you mentioned Poochie! No one I know remembers her (not even my mom who should know since she rented me all the videos!), and they all think that I'm insane and just made her up. Sorry it's sorta off, but I just had to get that off my chest.
btw, friendship bracelets, like sewing stars said, would be a great project, because it's super cheap and easy. You can get that dmc floss at most any craft store, and it's only like .20 a pop, and you can make a lot w/ one thing of it. Good luck, and have fun! sounds like an awesome assignment.