I think I did okay with discounts before Christmas. On black Friday I got a Cuisinart knife set for $40 (normally $170), two 7" Kodak digital frames for $60 each (normally $100 each) and I got the Camp Rock plug-and-play guitar game for $40 (normally about $80). I didn't see any of those items for less that that between BF and Christmas, in fact I saw them for considerably more.
Then I went out early on Dec. 26 so I could get the best pick of Christmas ornamants at Target (I love their ornaments, best out of all the stores I normally shop at). I got 6 boxes of the really fancy kind, 2 boxes of the normal red/green/blue/gold/silver glass kind and a roll of wraping paper for $30. Not fantastic, but if I wait for 75% off anything I'd actually like would be gone.
Then I went to the mall and got next years Christmas cards and some plain red wraping paper (can be used for other occasions than Christmas, just use different color ribbon), for $25 at Papyrus . Papyrus is expensive but I love their quality, so much better than Hallmark, especially their greeting cards.
I got my wall and desk calandars for work for $15, again 50% off.
And at JC Penney's I got a queen sheet set and 4 extra pillow cases for $65, normally $160. 300 count Egyptian cotton, very soft and seems well made, they should hold up well, I think.
Overall, I've done okay with the discounts so far, to the point that I really don't want to shop anymore for the most part. Although I do really want an ipod, but that I'm going to wait and see what happens with prices. No real hurry, it's most definatly a want and not a need! If I see it for a steal I grab one, otherwise it goes on my wish list for my birtday in May!