We do this thing we call Santa Bag...each family (or person?) gives a gift to everyone else that is $1-$5 limit. Gifts are wrapped amd names put on them. When you arrive, gifts go in the santa bag... santa and Ms. Claus then pass out in a crazy gift and paper flying everywhere, people going "cool" and "look at this mom" way...
Gifts have been match box cars (buy a multi-pack, split up and give individual cars); cookies, gift cards, barrettes/etc., make-up; homemade crafts; items from LTD Catalog... let your imagination go wild.
We include the adults because its so much fun!