Is A White Elephant Gift Exchange Right For Your Group?
Discover the fun, the quirks, and festive alternatives to white elephant exchanges — and make your holiday gathering unforgettable.

Planning a holiday party or gathering? A white elephant gift exchange might seem like the perfect centerpiece. But will it resonate with your group, or could there be better ways to create a fun and memorable experience?
When it comes to holiday party games, few are as widely known as the white elephant gift exchange. The basic premise is simple: Purchase something inexpensive that will get some laughs or head scratches when some one chooses the gift.
White elephant gift exchanges are planned to foster light-hearted fun, especially in settings like the workplace, social clubs, and family gatherings. The unpredictable nature of the game, where gifts can be unexpectedly funny, bizarre or oddly useful like gift cards, encourages people to let their guard down, share laughs, and build connections. It can be a chance for colleagues or group members to see a more relaxed, playful side of each other, strengthening team bonds.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Not sold on the idea of a white elephant exchange? There are other creative ways to celebrate that can still bring holiday cheer to your group's gathering.
Festive alternatives to white elephant gift exchange
Here are a few alternative activities that can make your holiday gathering special while creating connection:
Secret Santa exchange - Participants are randomly assigned to buy a thoughtful gift for a specific person in the group. This approach allows for more intentional giving, as it often involves learning about the recipient’s preferences and selecting something they’d enjoy. It still keeps an element of surprise but adds a personal touch that many find more meaningful.
Ornament exchange - Everyone brings an ornament to swap, either through a random draw or by assigning exchange partners in advance. In the end, each participant walks away with a charming keepsake to decorate their home for future holiday seasons.
Holiday donation drive - Instead of a gift exchange, participants contribute to a chosen cause or organization. This approach creates a sense of community, reinforces the spirit of giving, and supports those in need during the holiday season.
Pros and cons of white elephant gifting
Before making a final decision, it helps to weigh the pros and cons of a white elephant gift exchange.
White elephant gift exchanges can offer a great, stress-free way for everyone to be included and have fun, regardless of how expensive of a gift they can afford. Additionally, this holiday party game is great for those who don't seem to need or want anything. The point is to have fun and laugh rather than to feel pressured about buying something that most people will want.
On the other hand, some people simply don't enjoy exchanging silly gifts, especially when there's a chance no one will want any of them because they're items aimed at getting some laughs. Additionally, some people might feel awkward trying to pick out something for a gift exchange, and those whose gift is stolen might feel hurt. Finally, some people might feel like participating in a white elephant gift exchange is simply a waste of money.
Whether or not white elephant gifting fits your crowd, the goal is the same: to create moments of joy and connection. Choose the activities that best suit your group’s spirit, and you’re sure to make lasting holiday memories.
Holiday gift exchange deals
- Shop Amazon gifts under $25
- Shop Costco gifts under $25
- Shop Walmart gifts under $25
- Shop Target gifts under $25
- Shop Etsy gifts under $25
RELATED CONTENT
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Jacob is the founder and CEO of ValueWalk. What started as a hobby 10 years ago turned into a well-known financial media empire focusing in particular on simplifying the opaque world of the hedge fund world. Before doing ValueWalk full time, Jacob worked as an equity analyst specializing in mid and small-cap stocks. Jacob also worked in business development for hedge funds. He lives with his wife and five children in New Jersey. Full Disclosure: Jacob only invests in broad-based ETFs and mutual funds to avoid any conflict of interest.
-
What Wall Street's CEOs Are Saying About Trump's Tariffs
We're in the thick of earnings season and corporate America has plenty to say about the Trump administration's trade policy.
By Karee Venema
-
The Role of the U.S. Dollar in Retirement: Is It Secure?
Protect your retirement from de-dollarization, because “capital always goes where it is treated best."
By Adam Shell
-
Walmart Week 2025: Exclusive Perks and Deals for Walmart+ Members
Walmart+ Week runs April 28 –May 4 with fuel savings, free express delivery and six months of Paramount+ with SHOWTIME. See all the perks.
By Choncé Maddox
-
Is Walmart Plus Worth It?
There are tons of exciting Walmart Plus benefits – but are they worth the $98 annual fee?
By Rachael Green
-
21 New Trader Joe’s Stores Are Opening in 2025 — Is Your City on the List?
Trader Joe’s is opening 21 new stores in 2025 across 13 states and Washington, D.C. See if a location is coming to your city and what makes this beloved grocer stand out.
By Paige Cerulli
-
Verizon’s Free iPhone Deal: What to Know Before You Switch or Upgrade
Verizon is offering a free smartphone — including the latest iPhones — with any myPlan, plus a three-year price lock. But is it really the best deal for you?
By Choncé Maddox
-
Should You Buy an iPhone Now Before Tariffs Hit?
Looming tariffs can make an iPhone purchase seem urgent. Here's what to do if you need another phone but want to save money.
By Laura Gariepy
-
What to Stock Up On (and What to Skip) Before Tariffs Raise Prices
With tariffs set to return on July 8, 2025, prices on everything from appliances to clothing could rise. Learn what to buy now, what to skip and how to protect your budget.
By Laura Gariepy
-
5 Treats to Splurge on with Your Tax Refund
Want to use your tax refund to splurge on a little something nice this spring? Here are five treats to make the most out of that extra cash.
By Rachael Green
-
Starbucks 2025 Dress Code Changes: See the New Look
The 2025 Starbucks dress code change features a uniformed look as part of creating a more familiar and friendly cafe experience.
By Sean Jackson