Another option is to use yardage for the wrapping paper. I have a few of these sewing together. About 1 yd of two different fabrics sewing together to make a square. Then use hair binders to hold the opposite corners together and create a bow with the corners that stick up. Only had two gifts under the tree this year that had paper on them. Ran out of the "Fabric Paper". Made for easy clean up and very little wasted paper that goes to the trash. Kids love the idea also. I think I am going to have to make some bags to help out for next year. They are always nice to have on hand.
I did one for my son and he was impressed. He said I should make him some for next year.