Thanks for the heads up, Angela!  E.L.F. Cosmetics is celebrating their five-year anniversary with several different coupon codes.  Most items are already priced at just $1 each, but with a code and rebate, you can purchase 20 items (eyeshadows, mascaras, lipsticks, nail polish, brushes, etc.) at less than $0.50 each! 

The best code, in my opinion, is the first one listed below (only one code may be used per order, so depending on your order size, your “favorite” code may differ):
CAROLINA: Receive a $7.50 discount on all orders of $15 or more.
5FOR5SHIPPING: Pay $1.95 shipping on any order (no minimum).
FREEMINI: Receive a free mini makeup collection with any order of $15 or more.
DINEOUT: Receive a free $25 Restaurant.com gift certificate with any order of $20 or more.
CELLPHONE: Receive a free mini cell phone lip gloss charm with an order of any size (no minimum).
MANICURE: Receive a free manicure set with any order of $20 or more.
MINDEAL: Receive a 15% discount on mineral cosmetics, with an order of $20 or more.

In addition to the codes above, all orders of $20 or more automatically receive a free one-year subscription to Lucky Magazine, though you may request a rebate in place of the subscription.  If you’ve been hanging out on iMommies long enough, you probably have magazines coming out of your ears, so you can opt for the $9.99 rebate instead!

The below scenario with the CAROLINA coupon code results in the lowest cost per item:

1.) Click HERE to visit Ebates (iMommies referral link).  If you’ve not yet registered with Ebates, you can sign up now and receive $5 just for registering.  Refer a couple of friends and earn $5 for each friend, plus a $5 bonus for every two friends referred.
2.) Enter E.L.F in the Store Search window
3.) Click on E.L.F.’s 4% cash back coupon to be directed to the E.L.F. website
4.) Select $20 in merchandise
5.) At checkout, enter the CAROLINA coupon code to take $7.50 off of your order total.  
6.) Opt out of the magazine subscription offer, in lieu of a $9.99 rebate.
7.) Pay ~$20 (including shipping/tax).
8.) Submit the $9.99 rebate offer with a copy of your order confirmation.

Receive all of the following for just ~$20 out of pocket:

• 20 cosmetic items (more or less, depending on the items chosen)
• $9.99 rebate
• $5 Ebates cash (new Ebates customers only – once your cash back account reaches $5.01)
• $0.75 cash back (all Ebates customers)

(If you’re new to E.L.F. Cosmetics, read the comments HERE for a helpful review from Mommyto2Girlies!)