I generally feel the same way as disykat and try to keep it around $10 - $15. I generally throw pretty good birthday parties and would never expect the kids coming to my kids' parties to cover their costs with gifts. In fact, I'd personally rather them bring very small gifts. My kids have wayyyy too many toys that they never play with and I have to go through their closests at least once a year and get rid of stuff.

I know most of my kids' friends have wayyy too many toys also.
Now, my 2nd grader go invited to a party tomorrow that I'm in a real quandry about. It's for a child on his cheerleading squad, and the parents are having it catered at a local Italian restaurant tomorrow evening where they've rented out a large party room. They've invited ALL of the kids on the cheerleading squad PLUS all parents and siblings, PLUS a few school friends and local relatives.

I'm guessing there will be 75 + people there and I know it's costing a fortune. I've actually been debating on whether to bend my own rule considering that they're feeding my whole family dinner tomorrow night and spend a little more on the child's birthday gift.
Personally, I think it's pretty over the top to have a child's birthday catered at a restaurant for that many people, but I do really like the little girl and her parents so we'll go.
So, how much would y'all spend in a case like this?

I need suggestions quick because I have to get the present today. I've been putting it off and putting it off. LOL!