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Framed hearts. This could be a very thrifty gift for Valentines day: Frame from a charity shop. Hearts cut from wallpaper samples (free from DIY stores) and a plain sheet of paper as backing to glue the hearts to. This would be lovely either hanging or in a 'stand up frame' - it could then stand on a desk or shelf.
Fun!! Bouncy Balls from Oriental Trading.. Free Printable from this site.. = cheap, quick, easy valentine for a class full of preschoolers! AND it is NOT candy!