This year, I went with a horror theme...
OOOOooooOOOOO SCAAAARRRYY!!!
I carved it with a child's safety carver from the dollar store (that I've had *since* I was a child...)
I got the red light by taking the electric bits out of one of those plastic perma-pumpkin, and replacing the bulb with a christmas light.
This is the only time I've ever been thankful that retailers put out christmas supplies before halloween!
ps. my xbox is fine