What's the best way to teach my playful ferret its name and tricks?

I'm glad you want to train Felix. Working on tricks can be fun and prevent boredom. You can train him with treats and lots of praise and repetition. I'd start with calling Felix by his name and rewarding when he looks at you. Then call him and give a hand signal and ask him to come. Again reward him if he moves closer to you, eventually getting him to come each time. As for other tricks find something he likes to do like like spinning a wheel and give it a name and reward him when he does it. Then you should be able to ask for the spin and he'll do it on command. All this takes lots of time and patience but ferrets can learn just like other animals. Thanks for using Petco Pet Education Center, formerly Petcoach to help you care for Felix.