I'm having trouble with the gift-o-matic machine.. I have the glove and the mallet, but not the magnet. If this isn't the most difficult timed sequence in the game, though, I'll probably need another saved game at some future point, too.
I found some Toonstruck saves online, but the one I used caused the game to freeze after it loaded (it was for the French version of the game - don't know if that would make a difference). :\