Bill James and I plotted out formula (admittedly the formula is a lot more me than Bill — he just offered suggestions) to try and determine the most exciting players in baseball. I lost that original formula, but I tried to recreate it, taking into account triples (the most exciting play in baseball!), stolen bases, batting average, defensive excitement (subjective) and a couple of other things.
I'd add looong home runs and big whiffs to this list. I may counter it with unexciting plays (How often is the player intentionally walked? Does he hit a lot of routine grounders?)