Your plan of making it into a Christmas gift sounds good. You could also keep it in case you need a last-minute gift for someone of course. After rushing through quilts (using large, simple blocks) for a couple short-engagement weddings, I thought it would be a good idea to make a lap quilt to have on hand for nobody in particular, but I've never gotten to it. It wouldn't be customized to someone's color preferences, but I don't always know those anyway, and it probably would have been better than what I made. On the other hand, that doesn't happen often, and so it would probably sit in my closet for some years before I needed it.