Wife and I have agreed to get nothing for each other as we just spent several grand on a holiday in January. Mum and Dad are getting a voucher for a very smart restaurant, my sister is getting a bunch of Team Canada Winter Olympics gear. All of my wife's (very large) family have agreed that when we get together on Christmas Day as is tradition, we will each bring one gift costing no more than $25. Each person will therefore leave with one gift worth no more than $25.
This is turning out to be the easiest Christmas in years.