This is a Prediction pail. When I introduce a new story for Shared Reading we always take a picture walk first and make predictions. The kiddos write their predictions on a prediction page then fold them up and put them in the pail. The next day we read the story. The kids are so excited to open up their prediction pages and show everyone if they predicted what would happen!
Formative feedback: each student has a Popsicle stick with his/her name on it and places the stick in the appropriate can following a lesson or formative assessment. This would allow for some anonymity, but the teacher is able to know which students need help. Could do for individual learning targets as well.