I forgot to include this idea yesterday..... an arts & crafts box.... I used to have a box for my kids that I made out of one of those Rubbermaid tubs.... I decorated it with paint markers, put their names on them real fancy-ish and inside I put all kinds of things for arts & crafts projects... felt, glue, playdoh, those stick-on foamies (get them at the craft stores at the end of a season and they're really cheap) scrap booking papers that were on sale... markers, colored pencils, etc... it was a great rainy-day activity, or snow-day activity --- a present that really lasted all year long. After Christmas, I'd keep collecting stuff throughout the year and when the next Christmas came, I'd restock the tub with more goodies. Now that they're 7 and 8 and more into football and 'big boy' things, I still use the tub to keep our construction paper collection and odds & ends that we need for school projects.
Also, we have limited our kids to 3 "big" Christmas presents that they are allowed to ask for... we started the tradition with them by telling them that because Jesus only received 3 gifts --- gold, frankensence and mhyrr --- Santa only brings 3 gifts... it also makes sure that they are putting alot of thought into their wish lists, and not just ask for everything they see on TV... other relatives can give them whatever they want, but my husband and I limit it to 3 from "Santa"
Hmmmm-maybe my niece will get one of those craft boxes... . She is quite a little diva, so I crocheted her a little purse that has really "fuzzy" yarn on it (hot pink). She's going to get a hat and maybe a scarf (if I can finish it in time), also.