Pillow room: don't spend money on couches or lounge chairs and buy a really nice movie screen. (This would be really fun for movie night, to just move all the living room furniture and bring out the pillows!
The Cassette To iPod Converter. This is the device that converts audio tape cassettes into files and stores them directly onto an iPhone or iPod touch. It accepts most iPhones and iPod touches, and normal or chrome cassette tapes.
(This is probably the stupidest thing I've ever seen.) The ultimate in multitasking technology, the Finger Nose Stylus allows for hands-free smartphone or tablet use as you simultaneously scare the bejesus out of everyone around you.