What could be better than an HD video camera? How about an HD video camera with a pony inside it? Or, barring that, how about a $54 HD camera. Scratch the pony part. It might make the pony sick.
You can get the Kodak Zx1 video camera with 1.6-megapixel sensor and 2-inch LCD display for $53.99 from eCost. This will allow you to take moving pictures of your friends and family and then make little video movies of them. You can even film people without them seeing you! Remember: bushes are natures' way of telling you you're allowed to spy on people in the park!