And Lego, of course. And for my sister: Stuffed animals. Simple toys, with nothing to plug in, no batteries required — these are the ones I remember really playing with.

Gibbs writes:

The best toys transcend, their survival a testament to their purpose and power. The Babylonians played board games; the ancient Greeks had yo-yos. The Chinese were flying kites 3,000 years ago. Crayola crayons were first produced in 1903. In 1916, Frank Lloyd Wright's son John, inspired by the way his father had built an earthquake-resistant hotel in Tokyo, invented Lincoln Logs. And many great toys are accidents or improvisations, a serenade by kids whose first drum set is a wooden spoon and a tin pot. Play-Doh was invented as a wallpaper cleaner. In 1943 a Navy engineer trying to smooth the sailing of battleships found that a torsion spring would "walk" when knocked over. If you stretched all the Slinkys sold since then end to end, I'm told, they would circle the earth more than 125 times.

I can't lie and say my brother, sister and I didn't play the hell out of video games growing up (Intellivision, because my Dad loved a bargain) but we spent a large amount of time playing with Lego, Matchbox cars, Play-Doh and, yes, Barbie dolls. And I don't know about this year's "hottest" toy, Zhu Zhu hamsters, but Play-Doh had the added benefit of being delicious! (What? Isn't that what they want you to do with it?)

The Power of Play-Doh [Time]

[Image via National Toy Hall Of Fame]

Obviously, this is an oxymoron; a "luxury" is nonessential. But the concept does raise ideas about what special things make the difference between treating yourself and being sensible. It's a fine line, too: even someone who hasn't denied himself much can probably find that he does without 90% of those pleasures he considered "essential" before. But it's pretty well-documented that overdoing it — like crash dieting — can be a false economy. As we all look at what we need, and don't, it's interesting to see what we decide makes us happy — and putting a price tag on it.

Anna, for her part, budgets for daily lattes and one nice dinner a month. Megan will skimp on everything but highlighting her hair, pasta with a low glycemic index, and good wine. Jessica hangs onto her car (a luxury in New York). Dodai's glamorous luxuries are the three C's: cashmere, cocktails and cabs. As to me, besides Pearl tampons, I've found I'm willing to cut out a lot to hold onto the expensive curly-haired non-shampoo that keeps my hair manageable, whole-milk yogurt, and name-brand meds. One person's luxury is not another's. This can of course get touchy when your "essential luxuries" don't mesh with those of someone with whom you share a budget — not, I guess, as much of an issue for the celebs in the magazine — but in general, one small up-side to any financial trouble is re-learning to appreciate. When times were leaner growing up, I remember that my mom made a point of always getting fresh juice oranges. My grandmother tells me that during the depression, she and her siblings would save to buy their mother some of her favorite candy, to keep up morale and a sense of normalcy. Even thinking about "essential luxuries" is of course one of the greatest luxury of all — and maybe one of the essentials?

Necessary Luxuries [Departures]