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This is a great way to distribute prizes for games or even favors. What you'll need is balloons and small party favors.
Before you blow up your balloons, hide small favors inside...like a sticker, etc. When the party's over tell everyone to take a balloon and sit on it. Another option can be to put a piece of paper with a number on it and put it in the balloon. Each number corresponds to a pre-wrapped prize (you should wrap and number prizes before party and place on table.