I only gift exchange with immediate family, and we do small gifts, which is good because they're usually unwanted anyway. this year my siblings and I did 5$ gifts, with a bit more to/from parents.
-wooden turtle knickknack/small container, which unlike most knickknacks, I actually like enough to not stuff in a closet. so bonus.
-fancy-pants hand lotion, which I will probably never use but will hang onto it, could be regifted.
-godiva chocolate bar, which is awesome.
from parents - aside from small stocking treats, a small gift card and automatic-backup hard drive thing. It's only 160GB but I think it'll still be useful, unlike many past previous gifts, lol.