This is a good time to check out secondhand shops, antiques malls, peddlers malls. You might find something inexpensive, get some paint, stencils, and customize it yourself. Perhaps not from the jolly dude, but it is always great to get a surprise "just because" gift.
I don't mess around with gifts for those I care about this time of year. If I see something that makes me think of someone during the year, I get it and give it to them. This way my budget doesn't explode or self destruct and I can join in on all the exchanges that take place this time of year.