Now through Feb. 20 you can get 40% off any regular-priced item with this Michael's coupon.

You can print multiple coupons but only use one per day. You cannot combine them with other offers. If you plan to make any Valentine's Day cards or crafty gifts, this is the coupon for you.

There are a number of caveats, unfortunately. The discount does not apply to sale items, special orders, class fees, in-store activities, birthday party booking fees, buy & get items, brushstroke portraits, books, magazines, Gypsy brand products, Yudo machines, and all Cricut and Slice products.

Michael's stores have two upcoming V-Day events. On Feb. 9 purchase a pink gift bag for 79 cents and the store provides decorations to turn the bag into a romantic gift bag.

During the second event Feb. 13 you buy a wooden frame for $1 and paint it with various enamels provided by the store. For info on these events click here then scroll down until you see "Family Events."