We brew our own beer, wine, pop, and liquor. This is a surprisingly inexpensive hobby, partially because we give this stuff as gifts. We usually order thru Midwest Brewing Supply. You can buy a box of Super Yeast for under $10, add to it 5 gallons water and 5 # sugar and you get 5 gallons of white liquor, which you can add all sorts of flavors to to approximate top shelf liquors (you can give this stuff away, but don't try to sell it unless you want ATF agents at your door
). We give Bailey's to my dad, Myers to my mom, Irish Whiskey to my uncles, etc. We end up with 25 fifths of liquor for less than the cost of one fifth from the liquor store.
For non-drinkers, we give away 6 packs of pop, mead, and condiments. We make and can chocolate syrup, hot fudge sauce, caramel rum sauce, pancake syrup, ketchup, salsa, and jam.
We also have given mixes in the past, too. Pancake mix (the key to this dry buttermilk), brownie mix, and cranberry coconut cookie mix are all easy- the trick is to use a wide mouth Mason jar and use a spice jar or a small rubber spatula to push all the powdery ingredients down into layers for good presentation. Other good ones are onion dip mix, barbeque seasoning rubs, and soup mix. I cover the lids with fabric and make pretty gift tags, as well as labels with the ingredients in the mix and cooking/baking instructions. Usually I include a plastic one piece Mason jar cap (rather than the usual two piece metal rings and lids) with the gift, too- for whatever reason, people LOVE this, and the presents go over better this way.
For a lot of reasons, we try to only give consumables as gifts. So if we can't give food, we try to give gift wrap and supplies, rechargable batteries, CFLs, packages of blank CDs, etc.