Graduation Party Theme and Decorations: Master in Fine Arts

It would help if you were more specific as to the kind of professional field the grad will be entering, (art? dance? etc), then I could get some ideas for you. ;D.
So far... Food idea: mini cannoli's wrapped with a skinny licorice tie make cute edible "diplomas".

Master in Fine Arts would bring to mind the famous artists of all time. One of my brothers has a M.F.A. and is an artist. If this person is an artist, then a theme built around famous artists (Van Gogh, etc) would be great. Hope this helps.