My family does a Secret Santa thing, so this year I got my mom.
A real popular thing this year is making blankets, with an easy no-sewing method. You get two lengths of fleece (from a fabric store), one with a print (lots of good prints to choose from), and the other side an accenting solid color, and you can tie it together to make a pretty cushy throw blanket. My mom is always cold so it's perfect gift for her, considering she's so hard to shop for. And, it's something I took the time to put together.
Costs around $30-40, and I'm making a bunch of them for friends and such.
Girlfriend is getting one of the blankets and a Gucci wallet.
She's getting me a set of Diablos or BT-014's for the R1.