J.R.
Baby rag dolls out of old socks. The toe is the head (use a rubber band or string to make the neck after stuffing), the heel is the bottom and you cut the cuff down the middle and sew all the way around (like an inseam) for the legs. Use the cuff off a second sock for the arms. Stuff, sew on some yarn hair, use a marker to make a face. You can make the doll diapers by cutting up a Pampers and a felt blankie. You can make the doll a bed out of a shoe box. Or a baby carrier out of a six pack.
Story board "stage". Cover an old board game with felt. Then cut shapes and characters out of felt so that you can stand up the story board and use it as a stage to tell the story. You can do simple stories like Goldilocks and the 3 bears, or the 3 little pigs, or the Dog and the Bone
Bean bag games - make bean bags with real beans and felt in different colors. Make a stand up "target" out of cardboard or wood. Or make a game mat to toss the bean bags on with different point values.
Good luck and have fun!