Ideas for inexpensive gift baskets (giving things that people will actually use)...
Stationary basket - boxes of note cards, a nice pen, address book, stamps
Movie basket - DVD's (or movie rental gift card), box of microwave popcorn, large candy bar, bottle of soda, Popcorn bucket
Smaller movie basket - Target has small plastic popcorn containers in their dollar spot. They would be the right size for 1 video rental gift card (or an inexpensive DVD), 1 20 oz soda, 1 package of microwave popcorn, and 1 regular size candy bar. These would make great kids gifts for about $7 or $8 each (if you give a $5.00 gift card) - great for kids to give to their friends.
Spaghetti basket - spaghetti noodles, sauce, parmesian cheese, wine - put in a wire mesh collander (from Dollar Tree)
Baking basket - vanilla extract, cinnamon, sprinkles, cookie cutters, dish towels, wooden spoons, put in mixing bowl
Reading basket - books, bookmark, book light, gift card to book store.
Bath basket - bubble bath, inflatable bathtub pillow, towel, book, bath beads, scented candle.
Beauty basket - body wash, puffy mesh thing, lotion, powder, eye mask, etc.
Game day basket - Beer, beer nuts, Subway gift card, M & M's, team t-shirt, small toy football, basketball, etc.
Wine basket - wine, crackers, cheese, wine glass charms
The best thing to do is think of something that interests the person you are buying for, and think of a few inexpensive items you can get them that they will actually use. Individually the items may sound stingy, but if you put them together and put them in a cute container, it turns into a really nice gift and it shows that you have put thought into buying for them.