DH and I don't exchange gifts with many people. We have small families (we're both only children) so we give gifts to our parents... and there is a couple we've been friends with for years... and that's it. (Our card list, OTOH, is a mile long.)
Mom: Bath & Body Works gift package
Mom & Dad: Courvoisier gift package
Mom & Dad: Shar Pei tea towel and note pad (there's a family in-joke about old wrinkly dogs)
MIL: Bailey's gift package
FIL: Bombay Sapphire gift package
MIL: Handmade needlepoint playing-card themed tissue box cover (she loves bridge)
Friends: Handmade needlepoint TARDIS tissue box cover (they are sci-fi geeks, like us

)
Friends: Something off their Amazon wish list. We wanted to get them the Dr. Horrible DVD but someone already bought it for them - d'oh!