I still have my $100 Jan'07 puts, and in fact they've rocketed up to nearly 40% of what I paid for them. With some really good luck I might get my money back.
I tried talking to some of the young superstars who went long GOOG at 200. Apparently they were all born after 2001. They don't see any problem paying 50x, 100x earnings. And they were kind enough to take pity on me as a worn-out old man, twisted with envy and fondling my bond coupons.