Great Gifts for Grads: iPad 2 for $240, Leather Billfold for $9, and more

For many Americans, college graduation is one of the four or five most important rites of passage. To celebrate the achievements of the graduate in your life, consider gifting him or her something sentimental, silly, or hyper practical that they'll hopefully cherish for years to come.

1. Red Line Men's Piston Chronograph Watch
   Store: World of Watches
   Price: $59.99 with free shipping
   Lowest By: $50
   Expires: May 25

   Is It Worth It?: Oh how the time passes! Help your recent grad keep track of it with a new watch. [Really, pulling out a smartphone to check the time is pretty juvenile.] This watch features a stainless steel case, silicone band, Japanese quartz movement, three subdials, date display, unidirectional chronograph bezel, water resistance to 330 feet, and more.

2. Alpine Swiss Men's Leather Money Clip Wallet
   Store: Art of Deals via eBay
   Price: $8.99 with free shipping
   Lowest By: $3
   Expires: June 17

   Is It Worth It?: Despite the jobs market being challenging, many new grads will become gainfully employed in no time. Thusly, they should be prepared to keep their cash in a handsome leather money clip. This one holds up to five credit cards and comes with a gift bag.

3. Garden Zombie
   Store: ThinkGeek
   Price: $49.99 via coupon code "CONGRADS" with about $17 s&h
   Lowest By: $48
   Expires: May 23

   Is It Worth It?: Let's all take a minute and be super grateful that our graduates never straight up became zombies. Seriously. Or as a cute and funny reminder of the road not taken, consider this Editors' Choice garden zombie for $49.99 — provided you pad your order to $100 or more from selected items and use the seasonally appropriate "CONGRADS" coupon. A little like a garden gnome, this garden zombie is made of resin and measures 31.5" x 19.5" x 8". Other ThinkGeek graduation gifts items include Doctor Who, Star Wars, Marvel, and Portal products.

4. Apple iPad 2 16GB WiFi Tablet
   Store: CowBoom
   Price: $239.99 via coupon code "iPad302" with free shipping
   Lowest By: $110
   Expires:May 27

   Is It Worth It?: Let your grad leave his trusty laptop at home for a while. Toting around a lighter iPad will provide relief from all the backbreaking studies while ensuring he's still connected. What's more, this used 0.3" iPad 2 is $35 cheaper today than it was last week. Features include an Apple A5 1GHz dual-core processor, 9.7" 1024x768 LCD touchscreen display, 802.11n wireless, Bluetooth 2.1 + EDR, accelerometer, compass, and up to 10 hours of battery life.

5. Bianco Brioni Men's Suits
   Store: Suits4MenOnline
   Discount: Up to 89% off
   Shipping: $15 s&h or free shipping on orders over $199

   Is It Worth It?: An interview that doesn't require a suit isn't an interview you want to be on, or so we think. Dress to impress in a Bianco Brioni suit priced up to 89% off. These top-quality Italian suits offer savings of at least $774. Sizes and color combinations vary.

Front page photo credit: Garrison Hullinger