Last year I bought a bunch of candy canes on sale and then the kids took two, made a heart on some paper and that was there Valentine's for school. They were a big hit.
You can also crunch them up and make ice cream. Candy canes come in so many flavors, you don't even have to stick to peppormint if you don't want to. And homemade ice cream is always a treat.
We used them to make "Peppermint Bark" last year for Valentine's Day. Just crush the canes & stir into melted chocolate - we used dark & white. This was soooo good!
I once watched a program about a candy cane factory (I think it was in Texas) and the owner said that candy canes have the BEST flavor AFTER they're at least a couple of years old..
Pop them in the freezer and use 'em next year..
Also - off topic - ya know the red and green Hershey's Kisses? Buy them on sale now and seperate the colors - then put them in the freezer.. For Valentine's day get a bag of silver ones to go with the red ones and use the green ones for St. Patrick's Day!