I was definitely going to suggest Burnout. smurfing great racing series. Burnout Dominator is coming out for the PS2 on March 6th. I don't know how it will compare to the last couple, since it's a blending of ideas and not handled by Criterion. But it will probably be a blast. Go to the closest mall, find an EB/Gamestop, and buy Burnout 3 or Burnout Revenge from the used shelf. Probably cost you 5 or 10 bucks by now.
Maybe a Street Fighter compilation or Soul Calibur 2/3? Those are solid fighters, and fun for competing with one another. And cheap, which is always a plus.