Do the electrical vampires we all have really use that much electricity?

I was looking around in my place. Digital clocks on the stove and microwave – flashing power lights on the modem, tv and laptop – even a illuminated light switch in the bathroom that serves as a nightlight. Do all of these little things really use that much power?

One of the guys at work put all of his electrical toys on a power strip so they can be turned off at night. Are the savings in electric use really worth going to that extent?