Hi there! Here's my two cents based on experiences I've had:
If her and your fantasies have included impact play of some kind and you're not experienced with it in real life, so long as you start out light it's nothing to be afraid of. Spanking, swats with the tail end of a belt (don't crack the whole thing and for gods sake dont use the buckle end hehehe), the aforementioned wooden spoon or a hairbrush... these are all very good things. I advise starting out easy and watching for her reactions; it's most fun for her if she sees she can trust YOU to tell how hard is okay, instead of having to monitor and think about it and say when is enough.
Talk is always a good thing. I agree that 3rd-party fantasies are too much for the first night, but there's no harm in blindfolding her and reminding her that you *could* invite over some friends. ("They could look at you, they could touch you, they could pinch you like th- hey! Did I tell you to move??")
And - this one has annoyed me more times than I can count!! - if the idea of submitting has been a big turnon for her, don't go and spoil the mood by having ordinary sex at the end! Awe her by your amazing manliness. Not that you have to *do* anything unusual, just remember that she is *yours* for the night and so when you go to bed, you're taking possession of something that belongs to you. If you know you already have certain controlling mannerisms in bed (ie you tend to hold people down or something), let them loose! Play up the I-am-Man-hear-me-roar thing. I always enjoy when my partner ends that way after we play. It's disappointing if he slips into our usual manner of lovemaking after a scene and says something like "Oh am I squishing your leg again?"
Finally: don't forget aftercare!
Just my two cents.
-whippedcream