Kraft shredded cheese is a MM at HT!
Right now it is on sale for $1.47/bag.
There are 50c/1 Kraft 2% Qs out there (I got mine from a tearpad at HT a few weeks ago). There are also $1/1 printables on the kraft website here and a $1/1 Q in the June 2009 Family Circle Magazine.
The 5oc Q doubles, so either Q brings you to 47c/bag.
Kraft is also running a Catalina promotion right now (through 7/12/2009): when you buy 3 bags you get a $2 OYNO Cat back, buy 4 bags get $3 OYNO Cat, and 5 (or more) bags get $4 OYNO Cat!
Transaction 1: 3 bags.
1.47 x 3 =4.41 - $3 in Qs = 1.41 + tax and earned a $2 OYNO cat
Transaction 2: 5 bags.
1.47 x 5 = 7.45 - $5 in Qs = 2.45 - $2 CAT = .45 + tax and earned $4 OYNO cat
Total OOP for two transactions = $1.86 plus tax, But I ended up with $4 to spend on my next trip.
This is like getting paid $2.14 to take 8 bags of Kraft shredded cheese home!
This sale ends June 23. Enough time to ask friends and family to print extra IPs for you!