Pillow Fight!
On the heels of Fight Club, Pillow Fight Club is the newest form of flash mobbing. People meet up the same way (via text messaging, emails etc...) in pre-arranged areas where the pillows can be well hidden and "beat the stuffing out of each other". This has been happening all over the world from Europe to Canada to even Israel.
Update: Geoff Richardson sent in a video from the Vancouver pillow fight. Watch the Low Res or Hi Res videos.