Salaam
Firstly Milad un Nabi Mubarak.
How do you celebrate Milan Un Nabi? Do you have themes?
Give gifts to those who attended the khatam?
Re: Milad Un Nabi
Read Surah Yasin ... And read qasidas and nasheeds, and read Barzanji Sharif ...
Have a meal
Do salawat ...
Generally not practiced by Deobandis, but I join in anyway ... Quite selective with some naats ...
Fasting is good too
Re: Milad Un Nabi
Peace saikah & :waslam:
In addition to above, in a gethering you may read/share about the life of Prophet Muhammad 
His messages, hadiths.
Re: Milad Un Nabi
thanks for the responses but we already do the above as part of the khatam. i was thinking more of making it fun being spontaneous for the youth.
Re: Milad Un Nabi
Peace saikah,
What do you mean by saying that you were thinking more of making it ‘fun’?
Memoir of our Prophet should be in sense that we try to live our life according to His Sunnah, and pray to Allah SWT that HE Guide us and Grant rewards of our good deeds/efforts. Almighty Allah said in Surah Al Ahzab verse 21: “There has certainly been for you in the Messenger of Allah an excellent pattern for anyone whose hope is in Allah and the Last Day and [who] remembers Allah often.”
Do these things if it possilbe for you: Makes copies of following CDs/books/brouchers etc., and distribute free of cost.
[INDENT=2]1- How Prophet Muhammad prayed/teached us Namaaz’
2- Aswa-al-Husna (Sirat-e-Taiyibba)
3- Mu’jazat-e-Rasool (Miracles of Prophet )
4- The Life of our Prophet
5- Relations of Prophet towards (1) Elders (2) Wives (3) Orphans (4) Neighbours etc.,[/INDENT]
If possible make a weekly gathering at your home and discuss various Islamic topic in it and teach others.