We do the same thing and we have a wide range of ages. The kids now want to get involved so they are starting as young as 12/13. Makes it harder to find gifts that will suit all. So I basically buy a gift for my age range and most of the family does the same. It seems to work out in the end.
After our first year where we had way too many Gift Cards we have said no more gift cards.
Some of our more popular items have been:
Snuggies (last year, this year probably not)
12 pack of Yankee candles
Anything Oakley (I have family that works there and gets a discount)
Warm furry pretty blanket for the family room.
Themed movie basket.
Beautiful Bath Sets
Booze (not my preference but a few of our group seems to enjoy this)
A nice Stock Pot.
Sets of picture frames.
Newest DVDs-last year I got some of the newest releases from Target for really cheap. I put 4 of them (together) in the exchange.
Tools-depends on the tool.
Flashlight Sets.
Artwork (framed or ??)
See's Candy (usually a 2 lb. box)
Something that hasn't been too popular is the newest, latest and greatest, appliance. Like a quesadilla maker, etc.
I usually buy something that I would like to have and wouldn't mind stealing (or exchanging after it's all over)
We leave the dollar amount up to the person who is hosting Christmas Eve at their house. It has ranged from a low of $15 to $30.
Oh, and we label items Boy, Girl, or Neutral. Oh, and Adult for anything for over 21.
Our rule is a gift is frozen after it's been stolen 3 times. It's pretty interesting to see H&W work together to get something.
I'm thinking this year we may do 2 separate ones-one for the under 18 set and one for us older folks.
We used to do this, years ago, at our Mary Kay holiday party. The limit was $5. Made it pretty interesting.