1. A mutual agreement to suspend holiday gifts for at least one season, usually within a single family or circle
2. The act of replacing useless and pointless merchandise with something more meaningful, such as a charitable
project or holiday party.
3. Wal-Mart's biggest
Due to the recession, we've decided that Degifting is the best plan for Christmas this
year. Instead, we're all getting together to serve food at the homeless
shelter. I really
don't need another Salad Shooter. Do you?