A couple of years ago, my mom and her husband made gift buckets for their daughters and daughters-in-law and gave them to us on Thanksgiving Day. At that time, the buckets were full of Christmas wrapping paper, gift tags, Scotch tape, ribbon, scissors and other supplies. Because I am a bit of a Christmas freak, I put my bucket to good use that year.
Since then, I use my bucket to hold a variety of wrapping paper, gift bags, tissue and other items necessary for gift giving. I love it, not only because I have everything at my fingertips when I'm in a hurry to wrap a present, but because it takes up minimal space and it is portable!
If you are interested in making a gift bucket for yourself, Martha Stewart has a great tutorial and video reference on her website.