This is a simple craft that will let your little crafters excercise their imaginations.  You can stamp the circles to make the caterpillar's body using the top or bottom of a cup or a TP roll.  Use as many colors as you like and get creative when drawing the face of your caterpillar.
 
Great for the olympics too!

Materials:

• white paper
• paper cups, plastic cups or TP rolls
• paint in a variety of colours
• marker, pencils or pencil crayons

Instructions:

• Dip the edge of the cup into the paint and then press it onto the white paper.
• Stamp about 5 or 6 attached circles (in different colors if you like) to make a caterpillar.
• Let dry.
• Draw a face in the front circle and little feet under the other circles.

Examples:

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