I've made a few pike flies...I started fly fishing for pike a couple of years back and it's great fun. The flies are quick and easy to make although they can be quite heavy on materials.
One of my favourites is the bunny leech (as below) although I like a wee touch of red in mine. Pulses beautifully in the water and will tempt pike out for a nibble.
If I'm buying lures for spinning, our local poundshop sells pretty good soft 'jelly lures' that work a treat and are a heck of a lot cheaper than you'd get in a fishing shop. They're solidly built and have great action in the water.