The Yankee Swap. I think in the midwest it is called the White Elephant trade or swap or something.
By some people it is basically seen an excuse to regift unwanted items. Why anyone wants to hang onto unwanted items jsut to inflict them on others is beyond me.
I really don't like the Yankee Swap. In fact, I have seriously considered revising my answer on one of the Friday Five - Grumpy Edition questions from a couple of weeks back. Question: "Tradition you hate." Answer: "The Yankee Swap."
But I am a good sport so I will participate for the social aspect of it, and laugh at the stupid things people open, and play the game.
Even if I do end up with a Bugs Bunny Chia pet.