I have taken up baking cookies for people, as I'm on a budget at the moment, and it's a great gift for anyone (including me!) - and reasonably priced.
I will confess I'm having a hard time not "stealing" a pair of earrings I got for my sister, but I know she's getting me at least one pair for Christmas so I think I will manage not to take hers. But only time will tell! They're not safe until they're wrapped!