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Generate web 2.0-style stripes for use as background images, header graphics, etc.
Free and funky generator for fancy AJAX loading animated GIFs.
A very nice looking tool that lets you create a favicon from a specified image in a variety of sizes.
Very cool, and free, web 2.0 badge creator with many different styles too.
Powered by The Gimp, Cool Text is a free graphics generator for web pages and anywhere else you need an impressive logo without a lot of design work. Simply choose what kind of image you would like. Then fill out a form and you'll have your own image created on the fly.
Quick-Banner.com enables you to generate quite cool looking gif or flash web banners for $3. There is a free option but the designs look rubbish.
"AdDesigner.com is a unique FREE [online] service that gives you the power to design and download professional-quality, animated banner ads quickly and easily. In seconds, you can create top-quality, optimized banner ads that are perfect for your favorite banner exchange, a paid advertising campaign, or anywhere else."
Give Favicon Prime an image and some text and it'll give you a set of 3 icons, (16x16px, 32x32px and an animated 32x32px) for use as your fav and shortcut icons.

"Use this online tool to easily create a favicon (favorites icon) for your site [from any image]. A favicon is a small, 16x16 image that is shown inside the browser's location bar and bookmark menu when your site is called up. It is a good way to brand your site and increase it's prominence in your visitor's bookmark menu." Also provides details on how to use your FavIcon.

The "80x15 brilliant buttons", also known as "antipixel buttons" or "badges", are the very popular buttons especially used by bloggers. The Brilliant Button Maker is a web interface to create "80x15 brilliant buttons", you can also use two images (one on the left and the other on the right side) to decorate the button.