Last year's holiday gift was these felt coasters. I used the Big Shot Scallop Square, Scallop Circle, and Snowflake die to cut the coasters, using all the positive and negative images. Used fusible web to fuse the three layers of felt together. Little trays were purchased unfinished through Oriental Trading Company. A quick painting and stamping with bitty snowflakes around the outside (can't see this in the photo) dressed them up a bit.
Visit Judy's post for more holiday gift ideas.