Check out this Red Fleece Travel Blanket with Velcro Strip, Carrying Handle and Easy Storage over at 1saleaday for $7.98 with shipping! I think its perfect!
And over at STEAL1 they have this 6 Piece Hiking Set with Free Shipping for $5.99
It comes with:
•500 mL aluminum water bottle
•4-in-1 pocket knife
•Whistle with compass and thermometer on a carabiner hook