Painting with objects (strings, noodles, Styrofoam pieces, bottle caps...)
Woodworking projects, if she can be trusted with a hammer -- can be super simple, even just hammering nails into a piece of scrap wood to start.
You could make a Find It with an empty (clear) water bottle -- fill it with rice and random small objects, beads, coins, etc. and glue the cap on and then it's not just a craft but a toy too!!
You could also get a large cardboard box (as big as you can find) and turn it into a playhouse -- draw/paint/cut doors & windows, decorate it, etc.
Cut out pieces of felt in different shapes and then use the shapes to make pictures (Tangram-style) or cut & decorate animals, trees, houses, etc. and use them for storyboarding.
Glue various objects together... use your recycling bin... and some glitter.
Tie long pieces of ribbon or scraps of cloth onto a ring or dowel -- then she can dance around with it...
Iron crayon shavings between 2 pieces of wax paper. Or melt down old crayons to make your own.
Stamps! DS loves stamping...