We call it Steal-A-Gift. (I know, it doesn't sound exactly in the Christmas spirit but it is all in good fun and many times leads to laughs). Our limit is $15 (used to be $10). I'm going to watch this thread because I usually pick up the gifts for my parents to participate so I have multiples to get for this thing every year.
gas gift card
Bed, Bath and Beyond gift card
George Foreman Grill
alcohol
Swiffer Wet Jet
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