The coolest thing I ever owned as a kid was one of these bad boys.
The noise it put out as it launched the mini-pinballs drove my mother completely insane. That might have been why I loved it so much.
As far as video games go I second Madison's orginal list minus NBA Jam. I never could get into those style of sports games. Baseball Stars (chicks pitching underhand), Bases Loaded (beaning Paste every time he came up to bat) and Tecmo Bowl (once you perfected the weave the game was over) were all classics.