It doesn't have to be expensive, rather it might be simple but particularly meaningful.
I was just reading an article on a photographer that uses Leica cameras and for some time a Leica SLR was something I seriously aspired to own (was it the R7?). The solid gold Cartier watch... thank heavens I got through that stage without buying one! ['Only new-money (i.e. with no class) shouts loudly' as they say where I hail from. Buuuut if you feel like a 'Master of the universe' you don't care do you, why should you?].
For me these days, the joy is in a gift thoughtfully chosen, whether a baking tray or weekend citibreak, rather than a show of wealth, or 'requirement to spend $X and impress.
I appreciate that expectations and social norms vary from country to country, and family to family, who is to argue that anyone's expectations are 'better' than anothers.
So.... confession time. What do YOU want for Christmas?

p.s. What triggered my question? This...
http://www.dailymail.co.uk/news/article ... ction.html
Particularly moving embedded video at the foot of the article...l