I have found two really cute crafts that other people have made from it.
I LOVE this key chain and I can't wait to make one with a Cherry Pepsi can!
It was made by Diary of a Crafty Lady.
I also love these scissors and will probably try making some for my kids' teachers next year.
I found the tutorial for this at Skip to My Lou.
It is one of my favorite sites for ideas for teacher gifts and fun projects to do with my kids.