In light of recent trends to serve gifted students in regular classrooms, this paper reviews a variety of cost effective options for meeting the needs of gifted students. It notes effects of the inclusion philosophy which encourages education of all students in regular education classrooms, a lack of funds for special programs for gifted students, and the decline in textbook difficulty levels. The following options for accommodating gifted students are discussed: acceleration (early admission, grade-skipping, early graduation, or concurrent enrollment in college); cluster or ability grouping; curriculum compacting (the modification or streamlining of curriculum); enrichment (including both part time pull-out enrichment and in-class enrichment activities); mentoring with an expert in the student's area of interest; and independent study. Research indicates that gifted students make the greatest progress when they are grouped homogeneously and offered a differentiated curriculum. The paper concludes that teachers need to advocate for acceleration or ability grouping and, whether their efforts are successful or not, they need to implement strategies within the classroom to challenge gifted students. (Contains 18 references.) (DB)