I've gotten enough ugly ties in my time to know that, while I look good in most things, I don't look good in purple polka dots, baby. Sometimes, regifting is your best bet. But have some respect for whoever gave you the ugly duckling gift; and be careful on how you give. Write down who gave you what junk, and give it to someone who actually would use it, and who doesn't see the giver very often.

The point of regifting is not to be a cheapskate, but to be a smart money man (or dame). Dave Ramsey always talks about being practical with the dough, so look for ways to save money without being Scrooge. Could regifting be one of those ways? You betcha. But don't regift just because you're too lazy to go out and shop at Christmastime. Think about it, baby.