Oh no, you haev to punish him. I guarantee you that if you walked over to your dog with that sandal in hand without saying anything he'd know whats up. When I used to come home and Rory had eaten something she shouldn't have she would giver herself away before I even discovered what she ate. Instead of her usual tail wagging greeting she would hunker down and slink to the back door like " i already know I'm getting kicked outside". A firm "no" accompanied by a shake of the object infront of their face gets the point across. I usually immediatly go grab all her toys and pile them on her bed like "I know you know" brat!, ha ha!
I'll never forget this one time I woke up, walked into the living room to see Rory chewing on my sandal, I grabbed it from her, did the whole "no bad girl" thing and went back into my room. 30 seconds later here comes Rory with the matching chewed up sandal and dropped it at my feet like "here you forgot one' and ran outside. Oh believe me they know.
Dogs also get bored with their toys, keep a heavy rotation, include some cow hoofs, nylabone, and they love those fake doggie tires. If it makes you feel better my girl ate my brand new ipod when she was a pup!