In general, I would say no, I detest them. I equate "pranks" with douchebag frat boy jocks and asswipe "mean girls." They're physical/mental abuse and violations of trust and consent justified by a moronic "it's just a prank, bro" mentality.

However, I don't mind the idea of subtle trolling between loved ones or people you're comfortable with.

My basic rule is: "at the conclusion, is the person being pranked laughing or smiling, even if mildly annoyed?" If yes, then it's fine. It's a cliché but "laughing with them, not at them" still holds true.