If you read lots of other couponing blogs, you’ve probably already heard about this one, but just in case you haven’t: There is a way to get free Olay body wash with a deal they have going on at Target. Here is how to take advantage of it:

1. Go to Target and find the Olay body washes. Pick up three of any of these kinds of body washes: The 8.4-oz Olay Total Effects Body Wash or any of the “bonus packs” of body wash. Bonus packs are the ones that have a small sample of another Olay product taped to them. They should be $5.50 apiece. Scan them at the price checker thingy to verify this. (Don’t get any of the non-Total Effects body washes that are not bonus packs. They won’t work for this deal.)

2. Go up to the front and check out. After all 3 body washes have been scanned, the register should tell the cashier to give you a $5 Target gift card on the spot. (If you didn’t see a sign advertising the gift card, that’s OK – this is an unadvertised deal.)

3. Hand the cashier three coupons for $1 off any Olay body wash. These came from the 2/14/10 Red Plum coupon insert. (Don’t have the coupons, or don’t have three? That’s fine. You will still get your body washes free, but your profit won’t be as large.)

4. Put your receipt somewhere safe.

5. Take your receipt home and fill out this rebate form to receive $15 back by mail for buying 3 Olay products. You must postmark all rebate materials by March 26.

In the end, you will have made a $6.50 profit on the body washes, counting the value of the Target gift card and rebate, if you had 3 of the $1 off coupons. If you didn’t have any coupons, you will still have profited $3.50, counting the gift card value and rebate.

Don’t delay getting this done. To qualify for the $15 rebate, you will have to make your purchases by March 12. The $5 Target gift card deal on the body washes ends March 27.

Thanks to A Full Cup and Deal Seeking Mom for giving me the dates and specs on this deal.