We've just gone through pink eye, as I recently mentioned on here, and I thought I would post a couple of suggestions that I received as alternatives to using the regular pink eye drops.
1. Breastmilk - Obviously this option would only work for those of us who have immediate access to this particular liquid. But this idea came to me from an online friend (who also happens to be a La Leche League leader, and knows all kinds of interesting uses for breastmilk!). I tried it in the boys' eyes, and it seemed to do just as well as the store-bought drops.
2. Tea - I was talking to my friend Lisa today, and she shared this idea. Someone she knows said to make some strong hot tea (my assumption is that you would of course let it cool off first, and I'm not sure if it matters what kind - I'll have to update that information if I find out), dip a cotton swab in it and dab it on the eye. The tea is supposed to have soothing and antibacterial properties that clear it up fast! She said she tried it with her girls and it worked in like 2 days.
I'm always interested in frugal/natural/homemade recipes and alternatives, so if you have anything to share, please let me know!
*Update* So just regular black tea (like Lipton's) should do the trick.