I thought about it, probably for too long, then decided my best route was handmade.
I started with a red canvas bookbag, of the generic variety. I then put a cute little raccoon on it (the school's mascot is a raccoon, the "Ranger") Added the name of the school, and the teacher and there ya have it, perfect gift.
So perfect that when I had to go out of town the day before the last day of school... no one at home remembered to take it to the teacher :(
I sent her a message, we will meet up with her sometime this summer so she can get her gift... in the meantime, pictures!
