Select a random value using a table variable

-- var to hold random integer
declare @field_val int

-- create table var to hold value range [ 0, 512, 1024, 2048, 4096 ]
-- inserting the first value sets the structure for the table variable
SELECT 0 AS 'num'
INTO #temp

-- insert data into table var
INSERT INTO #temp VALUES ( 512 )
INSERT INTO #temp VALUES ( 1024 )
INSERT INTO #temp VALUES ( 2048 )
INSERT INTO #temp VALUES ( 4096 )

-- assign random value
SELECT TOP 1 @field_val = num FROM #temp ORDER BY NEWID()

-- show value
SELECT @field_val

-- drop the table variable
DROP TABLE #temp

Select a random value using a CTE

-- define our data table
WITH data( car )
AS
(
	-- UNION together our range of values
	SELECT 'audi' AS 'car'
	UNION
	SELECT 'bmw' AS 'car'
	UNION
	SELECT 'infinity' AS 'car'
	UNION
	SELECT 'lexus' AS 'car'
	UNION
	SELECT 'porsche' AS 'car'
)
-- select a random value
SELECT TOP 1 car FROM data
ORDER BY NEWID()

Both of these techniques can be used with numbers or text. Just be sure to mind your quotes, and variable datatypes.  Being able to pick a random value in data generation scripts has proven very useful.  I hope this helps somebody else out as well.