Though it's been loose a while, so it was not a complete shocker, both the tooth fairy and I were not at all prepared. I didn't have a special container or tradition figured out, or anything. Luckily I remembered a special gift that Ethan had gotten when he was born, from the hospital, that contained a silver velvet lined tooth holder (along with holders for birth certificate and hair from his first haircut). He loved it and was very excited to put his tooth in and tuck it under his pillow.
Fortunately, I was home in the morning since I was taking him to his soft start so I got to be there when he woke up. Yea!!!! (Another first that I was very excited to be there for... so glad I didn't miss it. I rushed in his room with camera and video in hand when I heard him up and moving.)
There was cash and a book, along with a glittery letter from the tooth fairy.