M-x ielm
This brings up a dedicated interactive Emacs Lisp REPL, a bit like the one that SLIME provides for Common Lisp. It's a crap-load easier than doing C-x C-e or C-j on things and peering at the mini-buffer output.
Like SLIME's REPL, pressing M-p will go back in history, and M-n forward. The mode works just fine with paredit mode, which I personally love. Handy!