The only thing in my gift closet is another one of the stir-fry sauce bottles - when I bought one for Vic, they charged me for two so instead of going back for a refund, I just got another bottle. It will make a great stocking stuffer for Sophia because she makes a stir-fry a lot.
I have a tote marked Gift Closet - Hostess full of new things from my Christmas inventory that I will never use. Figure I will pass them on as hostess gifts or at white elephant exchanges or for a gift swap that I do every year with my friends from our MOPS days in Florida. So far I have two square glass cutting boards (with decorative napkins), a wooden bar board, two sets of Lenox guest towels, four flour sack tea towels (two holiday dog-themed, two patriotic-themed), two drying mats, an ornament, a box of Merry, Merrier, and Merriest shot glasses, and a box of holiday conversation starters. Last year, I was able to pull almost everything for my MOPS friend's gift box from this tote, just needed to add some candy.