Need to take down some notes while you’re whipping up that pasta sauce? This wooden spoon pencil makes it possible with one utensil. However, without a drip guard and with the constant threat of having to move closer and closer to a boiling pot after each sharpening, you might as well rename your mitt “Indi-hand-a Jones” and brace yourself for a non-stop thrill ride as he tries to escape dinner preparation without getting burned.
Product Page: ($25 via 7 Gadgets)

Fred Conlon’s Gnome Be Gone statues have been protecting your gardens and wine, now he is making that same level of protection available to your cubicle. And being an ever vigilant sentry is not his only duty, he will also hold your business cards and a single pen/pencil. Just beware those razor sharp teeth when putting your fingers anywhere near him, I somewhat doubt this guy is OSHA approved.
Product Page ($69.99)

Any time you make a writing error all you have to do is reach into the garbage can on the end of the pencil, pull out a piece of garbage and use it to erase the mistake. Place the garbage back in the can, put the top on and continue composing the next bestseller.
Product Page ($5.99)

If you are dorky enough to carry a thermos around, you are dorky enough to carry a Pencil Shaped Thermos. You are even dorkier if you refer to it as a thermal carafe. This 13″ tall pencil holds 26 oz. of your favorite beverage and has a handy carrying strap for easy portability.
Product Page ($11.99)

Sharpen your pencil like a real man would, with a V8 engine. The roar of the engine will come to life with every pencil that gets sharpened. And just like a neglected engine, if you don’t maintain your sharpener by emptying out the shavings, the engine will stall. Whether you are a fan of the BBC’s Top Gear or not makes no difference, using a V8 to sharpen your pencil is the only way to go.
Product Page (£11.99, about $20)

While you are distracted with work, the Amigos Kangaroo will care for and protect your cellphone as if it were her own offspring. She can also hold pens, pencils and notes.
Product Page ($50)

If you are forced into using a pencil to do any kind of accounting, you had better find something to make it interesting. Catching a glimpse of the large red matchstick head on the end of the pencil now and then is enough to make you chuckle. You just have to be sure to sharpen the right end, otherwise you might be starting an accidental fire.
Product Page ($2.50)

The Sharpener Desk Tidy is a desk organizer that looks right at home with a pencil stuffed in it. It will not actually sharpen any pencils, but there would be no more appropriate place for you to store your regular pencils. Store some pens there too, it is an equal opportunity desktop storage device.
Product Page (Pricing and Availability TBA)

Not quite as disrespectful to your monetary system as using it as toilet paper, the Money Erasers will let you whip out 20 and 50 pounds and fix mistakes. Money is normally good that way, although this one only works well for pencil mistakes. If you made that mistake in pen you are just SOL. They would probably make a US version but I think they are afraid that the eraser would be worth more than the dollar.
Product Page (£3.00, about $4.40)