Honestly, thinking about doing it. Will post story if I do.
Those who want to get in on it:
From Slate: You'll write a short story (500 words or fewer) in which this object plays an important role. (Please do not make reference to the fact that the object is being sold on eBay, and do not mention the penny that appears in the photo for scale—the story's plot should be independent of the project's context.) The stories must be e-mailed to email@example.com by Oct. 16 at 5 p.m. Please also tell us your full name and the city and state you're writing from. All submissions may be quoted—and attributed to their author—in a follow-up article on Slate announcing the winning entry.
Rule: Seriously consider this contest, and post thoughts in the comments. I'm interested to see what people come up with.
The Slate bit
The Significant Objects Project