I personally don’t “get” why Mad Libs are so popular among some kids — just one of many such attractions I don’t “get”
They’re also of limited value in the language-learning classroom,
But there is a new site called…Madlibs that lets you easily create your own. It could be a fun little filler if you have a few minutes leftover in the computer lab some day. You can then post the links on a teacher/student blog or website for others to complete. I could see creating them, and completing ones your peers made, could be a good activity.
A caveat, however, is that it appears the most recent mad libs done on the site are posted on the homepage, and some might be a little off-color.