AOL CDs make wonderful frisbees, magpie deflectors, and gun range targets. Collect the whole set :o)
I throw them out except for the ones that come in metal tins. The tins hold spinnerbaits which I label and keep in my soft tacklebox.
I see them flipping in the breeze on sailboats in the marina. I think the discs are used to keep birds from pooping on the decks...
I used to like it when they sent me all of those floppy disks, I never had to buy any, just use the ones AOL sent me.
For whatever reason, I haven't gotten any of these in the mail for ages. I've saved some of the tins that they came in to store CD's of my own, however. I've never taken them to the range to use, maybe I'll try that in the future. They give them away for nuthin' at Target (No pun intended).
I think I saw a Martha Stewart type project where a wreath was made from the discs... it actually looked pretty nice!