I always use gift bags & coloured tissue paper - it looks very impressive. I buy bags whenever I see them cheaply (for example, get your Christmas ones AFTER xmas in the sales for the following year). Loosely wrap the gift in coloured tissue paper (I use pretty stickers to seal them instead of tape), place in the gift bag & then scrunch a small piece of tissue paper up & place on top, so that it is just sticking out of the bag - it look great! I sometimes buy little bags of metallic confetti too (heart shapes, happy birthday ones, stars etc) & sprinkle some over the tissue paper. I also recycle bags that people have given me (but remember to put a sticky memo on the bag to tell you who got it for you, so you don't give it back to them!!!)