I think it's lovely to give presents that you have made yourself or someone else has made. This 'Frothy Scarf' is a Rowan pattern I started a while ago and had decided that it should be a gift for my Mum this Christmas. Unfortunately I left it till the last minute to pick up and knit the frothy frill around the outside and was up quite late on Christmas Eve finishing it! (Does anyone else leave their knitting around for a while before finishing it?) It was worth it though as Mum is very pleased with it and teenage daughter has decided she wants me to make her one in a different colour, but cannot quite decide whether she wants a frill on it or not.
Another gift I gave, this time to my daughter, was a brass locket containing an embroidered feather which was made by Melissa Wastney of Tiny Happy Blog. I can highly recommend her blog and also her etsy shop in which I find lovely presents for special occasions: