I read about hosting a "Stuff Swap" in an issue of Real Simple sometime last year and decided to host one this month. It ended up being VERY fun and everyone took home all kinds of new treasures.
I invited ladies from work, ladies from their early 20s through their 50s, and instructed everyone to clean out their attics, closets, etc and bring everything to my house to swap one Saturday. I decided to do it in the middle of the afternoon and just did cookies and drinks as the food. I also set up all of the big tables in our house and organized my stuff into piles. We ended up with piles of books, movies, housewares, kitchenwares, purses, and then items still in their original boxes (thank you wedding showers!) I decided not to do clothes because we had a wide varitety of sizes and ages. Everyone unloaded their stuff and then we shopped like it was a garage sale.
It was so much fun! We all really enjoyed finding things that we needed, or just liked, and taking them for free! We did a first touch rule so if whoever wanted it, had to grab it first. I ended up with two new purses, a box of books, a few movies, and some very pretty necklaces!
We've decided to do it again in the fall and to trade more stuff! We also took all of the extra stuff to Goodwill so we spread the free stuff beyond ourselves as well.