A simple but practical audio amp comes to mind, but that is just the beginning.
You can make with two transistors...
A power supply.
An electronic load (to test power supplys).
An audio amp.
An RF transmitter (be aware of the laws in your country concerning this).
A simple siren
Two blinky lights, either LEDs or light bulbs.
An SCR.
Schematics I don't have anymore include a chirping bird or a cricket.
The 300 in 1 electronics kits are good for ideas like this.