Well, this isn't really something I can personally endorse, because the smell of Play-doh made me gag as a kid and I hated, hated, HATED it. Still do. Buuuut, if you're looking for an inexpensive way to whip up some fun-time dough product, here is a recipe you can try.
What else can you make at home for a fraction of the price of the fancy, store-bought version? Let us know in the comments!