Honest Ed's is a staple in Toronto. And by staple I mean if you buy anything here, expect to be using staples to piece it back together after it breaks two days after buying it.
The sign to this store is so big and hideously cheesy, it's an eye sore to watch. But I will admit that you can find some cheap crap here. I recommend buying kitchen things such as cooking utensils and such. Don't expect the quality to be that great, but it's worth a visit even if it's to laugh at all the random, unless stuff they have.
The great thing about Honest Ed's is that every year he hands out turkey during x-mas and thanksgiving. But be prepared to line up if you want one of these free suckas. A successful businessman who gives back to his community, quintessentially Canadian!