Ulta 50 piece Color Set - $18.74
The current set is valued at $150, and although that sounds a little high to me, it's still worth far more than they're selling it for. It includes 28 eyeshadows, 12 lip colors, 4 cheek colors, 2 full size lipsticks, 2 liners, 1 bronzer, 1 translucent powder and applicators. The full size lipsticks are almost worth the price of admission by themselves.
My only complaint with this kit is the flimsy plastic inserts that hold the products. Fortunately, the case (available in black or hot pink) is durable enough to protect your products so it doesn't really matter.