One way to get your kids interested in the Olympic Games is to host your own
family Olympic Games event. Have your kids design their teams flag and come
up with names. Every Olympics has a mascot, perhaps a teddy bear or favorite
doll. Hold an opening ceremonies. Here are some ideas for games:

Paper plane folding and throwing
Obstacle course
Discus (using paper plates)
Sock slide (if you have hardwood floors)
Throw the bean bag
Simple gymnastic display

Of course no Olympics Games can be complete without awarding medals and
closing ceremonies. Print out medals. Everyone is a winner!
http://www.activityvillage.co.uk/Olympic_medals_with_ribbon.pdf

Via http://www.activityvillage.co.uk