You may have also heard it called White Elephant or Yankee Swap, but in case you have no clue what we're talking about, here's a quick explanation: Everyone brings a wrapped gift within a set price range and draws numbers. Most house rules cap how many times an item can be stolen (usually two or three) and block instant steal-backs to keep things spicy but civil. Compact, crowd-pleasing gifts with a wink: cozy comforts (plush throws, luxe candles, slippers), barware and cocktail kits, elevated snacks, small-but-useful gadgets, travel-friendly treats, and the like.