MadLibsPython

# Make a list of adjectives
adj = ['cool', 'not cool']
while True:
    n1 = input('Give me a number:\n') 
    n2 = input('Give me another number:\n')
    # Make MadLibs-y sentences
    print('Hi, %s person. Something %s will happen today.\n\n' % (adj[int(n1) % len(adj)], adj[int(n2)  % len(adj)] ))


OR
import string

# Ask the user for input
adjective1 = input("Give me an adjective! ")
noun1 = input("Give me a noun (plural)! ")
noun2 = input("Give me another noun! ")
adjective2 = input("Give me another adjective and wait for it... ")

# Print the poem
print('')
print(string.capwords("A poem with " + noun1))
print('')
print("Roses are %s" % adjective1)
print(noun1.capitalize() + " are blue")
print(noun2.capitalize() + " is " + adjective2)
print("And so are you!")

OR

#The text was borrowed from http://www.eduplace.com/tales/ as I have no imagination
 
#Get input
first_name = raw_input("Enter your first name, and press enter. ").capitalize()
place = raw_input("Enter a place, and press enter. ").capitalize()
adj1 = raw_input("Enter an adjective, and press enter. ").lower()
verb1 = raw_input("Enter a verb ending with ing, and press enter. ").lower()
famous = raw_input("Enter the name of a famous person, and press enter. ").capitalize()
friend = raw_input("Enter the name of a friend, and press enter. ").title()
verb2 = raw_input("Enter a present tense verb, and press enter. ").lower()
room = raw_input("Enter the name of a room, and press enter. ").capitalize()
instrument = raw_input("Enter the name of a musical instrument, and press enter. ").capitalize()
 
#Display story
print "\nAll A Dream\n"
print "I fell asleep yesterday listening to an old album that my mum had.\nI really enjoyed it, though I had a weird dream.\nIt was kind of like one of the old songs.\n\n"
print "I've been workin' in " + place + ","
print "All the " + adj1 + " day."
print "I've been workin' in " + place + ","
print "Just to pass the time away." 
print "Don't you hear the whistle " + verb1 + "?"
print "Rise up so early in the morn."
print "Don't you hear " + famous + " shouting"
print friend + ", " + verb2 + " your horn?\n"
print friend + ", won't you " + verb2 + ","
print friend + ", won't you " + verb2 + ","
print friend + ", " + verb2 + " your horn?"
print friend + ", won't you " + verb2 + ","
print friend + ", won't you " + verb2 + ","
print friend + ", " + verb2 + " your horn?\n"
print "Someone's in the " + room + " with " + friend + "."
print "Someone's in the " + room + ", I know."
print "Someone's in the " + room + " with " + friend
print "Strumming on the old " + instrument + ".\n"
 
print "It was the weirdest dream I've had in a long time!"