This is great, I just want to throw out that MTG Online has "Penny Dreadful" as a format:

Penny Dreadful is an unofficial Magic Online budget format where the legality rules include only cards that cost 0.02 ticket - roughly one penny.

I like your idea a lot! I would certainly play this a ton.

My LGS used to have a giant tub of 10-cent cards, mostly commons of course, but occasionally you could find an uncommon or rare. I would stand in front of it for half an hour picking out the ones I liked. I probably was not actually getting a good deal, but who cares?

I wish they still had it. I would love to just scoop an armful of cards out of that bin and draft them.

No cards with text allowed. Only vanilla creatures.

On a more serious note I came up with a format I call "Merchant," which is a team sealed event but both teams put up whatever cards they're willing to trade. Could add a fun political aspect while keeping the games "pure." Also would make decks stronger and there's a strategic aspect to what you show in the trade pool, and what you'll allow to go to the other team. Haven't been able to actually put together a go at it, yet, though.

Dollar Store Beejlander!!

Ideas to shake up the meta:

1. Rotate the legal card list monthly instead of after each regular set release.
2. Each rotation, ban the top 1% most played cards for a number of rotations. Or a random number of rotations for each card so they don't all become legal again simultaneously.
3. Set a limit on the max number of copies allowed of each card. The limit could be randomized each rotation.
4. Limit the number of rares/mythics allowed per deck.
5. Require a minimum number of cards from the latest sets.
6. Have occasional flashback weekends using previous cardpool rotations.
7. Sometimes change to a different base cardpool like a block format or a format other than vintage.

ebay bulk cube draft

go on ebay, find 1000+ cards for 20 bucks, shuffle, count out 360, and separate those into 12 piles without looking at them

my guess is it would be nearly unplayable, but i'd still like to try it

@counterspell another idea to shake it up a bit: the price limit is for cards with that name in you deck: one copy if it is 50c, two copies if it is 25c, etc.

Could even allow for going over 4 cookies for truely chaff cards

A Flashback Draft is a limited-time event on Magic Online where players can draft and play with sets from the past. The sets available for Flashback Drafts change regularly, and Wizards of the Coast does not publish a schedule for them. However, players can stay up to date on upcoming Flashback Drafts by checking the Magic Online website or following Magic Online's social media accounts. Flashback Drafts are a popular way for players to experience sets that they may have missed or to revisit sets that they enjoyed in the past. The entry fee for Flashback Drafts varies depending on the set and the type of draft league, but players can typically use event tickets or play points to enter.

Flashback Format

• Inspired by the MTGO Flashback Drafts, but for constructed play

• Minimum deck size: 60 cards

• No more than 4 copies of any card, except basic lands

• Cards can be of any rarity

• The legal card pool changes every month, based on a randomly selected block from Magic's history

• You can only use cards from the chosen block, and only from the sets that were released at that point in time

• For example, if the block is Innistrad, you can use cards from Innistrad, Dark Ascension, and Avacyn Restored, but not from Shadows over Innistrad or Eldritch Moon

• Additionally, you can only use cards that cost less than $1 according to Scryfall's market price

• This format lets you revisit old sets and experience different eras of Magic with a budget-friendly twist

• It challenges you to adapt to changing metagames and discover new synergies with limited card choices