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Help! What are Your White Elephant Gift Ideas?

Check out the email I received from reader, Amanda:

Hi Collin! Thanks for all the great deals you post. You sure don’t skip a beat!!! I have a question…. could you please ask your readers for great white elephant gift ideas. Our family is having a white elephant gift exchange this year and I would love a cool, creative, and hip gift idea. Our limit is $5. Thanks so much.

If you are not familiar with a White Elephant gift exchange, here’s the description from Wikipedia:

A white elephant gift exchange is a popular holiday party game found primarily in North America. Generally, white elephant parties need a minimum of six participants. With a larger group, game play may be more protracted. White elephant parties have been known to result in playful rivalries between players trying to get sought after gifts. The goal of a white elephant party is usually to entertain rather than to gain.

So do you have any great gift ideas? Either funny ones (love those!) or gifts that you know others will want to steal. Please share with us in the comments below! Also, on a side note, our family is getting together this year and doing an ugly holiday sweater contest. I Can’t wait! And I may even post a picture here on Hip2Save. ;)