I am repinning this site for you guys that still receive tooth fairy visits :) Incredible ideas here!! And one of my own: I used to use extra fine glitter (fairy dust) from Michaels and sprinkled it around on the nightstand with little "footprints" (from my pinky finger). The looks on the kids faces...priceless!! Sean and Joshua still remember it, all these years later!
Time-out bottles. Fill a bottle with 3/4 water, one bottle of glitter glue, ultra fine glitter. Then send this bottle with the child to timeout and they can watch it settle to calm them. Once the glitter is settled their time is up.