Russell had a white elephant gift exchange for work. I suggested that I make a bag for his presents.
I took four dish towels and cut them up, stitched them together, and made a bag.
We found some tool packs that came to the price limit he was told. We always have really good luck with people liking tools for white elephant gifts or wedding gifts.
Stuff the tools in. Is that nice or what? There is no need to throw away the wrapping or figure out how to recycle it. And the person who received it LOVED it!