Focus Camera offers the refurbished Fujifilm FinePix XP120 Digital Camera, in several colors (Sky Blue pictured) for $99 with free shipping. (Woot has a refurb for about the same with free Prime shipping.) That's $40 under the lowest price we could find for a new one. It's waterproof and features 16.4 megapixels, Fujinon 5x wide angle optical zoom, and 3.5" LCD display.

Note: A 90-day Fujifilm warranty applies.