When I worked at this one brokerage, we had a white elephant gift exchange. You didn't have to purchase new it could be a re-gifted gift. Every one got a number as they entered the door. All the gifts were put on a table. Number one got to choose a gift. Number two could choose a gift from the table or choose the one from number 1. If number 2 took number 1's gift then number 1 could choose another. If number 3 chose number 2 gift from number 1 then number 3's gift was retired and could not be chosen. Something like that. You could choose from the table or a number that hadn't been chosen twice already. After all was said and done you could trade. Depending on how many are going to be involved will determine how long the exchange would take. It usually went pretty quickly. No gift was suppose to me more than $10.00. Another would be a potluck and bring a canned good to donate. We also had $10.00 donations which could be in canned goods or gift card to a specific grocery store chain.