I'm always looking for good ideas too. Gift Wrapping is so expensive!
The only thing I can think of is going to involve a little bit more sewing! Buy some flannel when it's on sale and watch the self-binding baby blanket tutorial from Missouri Star Quilt Company. I've made this quilt and it turns out really cute. You take a 40" square and a 30" square of flannel and put them right sides together. The video gives you all of the important measurements, but this little receiving blanket can easily be made in an hour. Wrap this receiving blanket around your quilt and use a baby diaper pin to hold it together. Two gifts in one!
Here's a link to the video so you don't have to search for it!
https://www.youtube.com/watch?v=lqwdNqMZ8Ro