Well the props are much less important than the personality. There's a lot you can get with just some cold reading and a lot of charisma. One idea I've had using such aparatus though is for an affect where the spectator thinks of a word that you have predicted (dressed up any way you want.) Here's the idea...
Whatever presentation you are going to use or method of getting the words to match you need to basicly throw the word that you are trying to force into the presentation. This needs to be subtle and occasionaly say it as though you've tripped over your words. When the revalation has taken place and the shock died down ask if they have any idea how it was done.
While you were pattering at the start you were recording the whole thing maybe using a mobile phone or similar aparatus. You play back the recording and tell them to listen closely. They will hear the word said over and over to them. This of cource will mean you are eliminating telepathic ideas in favour of a more psychological presentation but will get a double reaction as you will be credited for your skill.
Here's an example of what I'm getting at... http://www.youtube.com/watch?v=befugtgikMg
Edit I just read your last post revalation and then checked the date of the origonal post lol lol how did this get dug up?