JOINT FILING AGREEMENT ----------------------

CUSIP No. 000000000                                                  Page 1 of 2


                                    Exhibit 1
                                    ---------

                             JOINT FILING AGREEMENT
                             ----------------------

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree, as of February 10, 2006, that only one
statement containing the information required by Schedule 13D, and each
amendment thereto, need be filed with respect to the ownership by each of the
undersigned of shares of common stock of Factory Card & Party Outlet Corp., and
such statement to which this Joint Filing Agreement is attached as Exhibit 1 is
filed on behalf of each of the undersigned.


                                        MIDWOOD CAPITAL PARTNERS, L.P.

                                        By: Midwood Capital Management, LLC
                                              General Partner

                                        By: /s/ Xxxxx X. Xxxxx
                                        --------------------------------------
                                        Xxxxx X. Xxxxx
                                        Manager


                                        MIDWOOD CAPITAL
                                        PARTNERS QP, L.P.

                                        By: Midwood Capital Management, LLC
                                              General Partner

                                        By: /s/ Xxxxx X. Xxxxx
                                        --------------------------------------
                                        Xxxxx X. Xxxxx
                                        Manager


                                        MIDWOOD CAPITAL
                                        MANAGEMENT, LLC

                                        By: /s/ Xxxxx X. Xxxxx
                                        --------------------------------------
                                        Xxxxx X. Xxxxx
                                        Manager


CUSIP No. 000000000                                                  Page 2 of 2


                                        XXXXX X. XXXXX

                                        By: /s/ Xxxxx X. Xxxxx
                                        --------------------------------------
                                        Xxxxx X. Xxxxx


                                        XXXX X. XXXXXX

                                        By: /s/ Xxxx X. XxXxxx
                                        --------------------------------------
                                        Xxxx X. XxXxxx