At our Formal, we keep them short - Kappa Lady, Most Outstanding Freshman, Most Outstanding Sophomore, Most Outstanding Junior, Most Outstanding Senior.
But at the end of each semester, we have Kappa Kozy
(we have to spell everything with a K, it's kind of annoying!), with silly awards - Kappa Comedian, Diva Kappa, Two Peas in a Pod, Comfiest Bed in the House... just fun awards. I was the proud recipient of "I Don't Wanna Grow Up!" last year.