I've read about Geocaching before: People hide small caches at various places all over the world and publish the GPS coordinates to those interested in finding them. I was surprised to learn that there are dozens of caches near where we work and live. I bought a small handheld GPS (Garmin etrex Legend) to get into the sport.
The kids are not nearly as excited about it as I am. Still, we have done a couple of hunts together.