Each and every year my wife and I are charged with the task of holding a white elephant gift party for our best friends and neighbors during the holidays. While we try to keep it somewhat decent it gets a little rowdier every single year. That one time of the year our conservative and liberal, church goers, and atheist friends come together for something more than a little special. Here’s the basic rules of our gift exchange.

•  Everyone brings a gift. Couples bring 2 (of course).
• We set a price limit of around $25 per gift. Homemade/unique white elephant gifts are acceptable.
• Get in a circle and have everyone put their gag gifts in the center and their names in a hat.
• The person whose name gets drawn goes first and clockwise you begin to open the white elephant gifts.
• On their turn guests can choose to steal someone’s gift or open a new one.
• After a gift has been stolen 3 times it is locked and can no longer be stolen.
• Go around the circle two times.

Additional rules that we use sometimes allows the person that goes first to go 3 times while everyone else gets to go twice. We also like to have an ugly sweater contest in the mix of it and a prize for the best sweater.

10 Best White Elephant Gift Ideas for 2011

In the past I’ve seen just about anything you can imagine at our party. From lingerie, to a shave-with-me Barbie (homemade), to a live chicken as you can imagine it’s more than a little bit crazy. Without further adieu here are a few of my favorite white elephant gifts for 2011:

1.) Potty Putter

Just looking at this thing makes me laugh and after I stop I kind of really want it. It comes with a golfing green, club, ball, hole, and everything you need in order to practice your putting right from the throne.

2.) Control Your Man/Woman Remote Controls

If you’re asking yourself whether these really work or not, then I don’t think you really get it. Either way it’s hilarious. The “listen” and “multitask” buttons on the one for men really caught my eye.

3.) What’s Your Poo Telling You?

Although this is a real back that is sometimes needed at a white elephant gift exchange it makes for a great gift. Hey, everyone really wants to know anyway right? Who knows, maybe it’ll save the person’s life who you give it to in the future.

4.) Accoutrements Emergency Underpants

Yes, they are what you think they are. Just in case.

5.) WTF? Red Office Stock Self-Inking Rubber Stamp

A little bit mean? Maybe? Useful and direct? You bet.

6.) Instant Excuse Ball

An Eight ball for excuses. Why didn’t they think of this before?

7.) The Hillary Nutcracker

This would go great as a set with the Bill Clinton Corkscrew.

8.) Flingshot Flying Barnyard Chicken with Sound

Also available are the Flinshot cow, pig, monkey, duck, and frog. Pull it bag, fling it, and watch it scream!

9.) Bacon Scented Soap One Bar Hand and Bath Bar

This goes great as a package with the bacon car air freshener, tooth picks, bandages and bacon breath mints.

10.) Daddy’s Diaper Changing Apron

If you’ve ever had a child, then you know just how hilarious this apron is. My wife and I used to count to make sure we weren’t cheated on the poo poo diapers. With this apron the “chef” will just have to do ALL of them.

What homemade, unique, or crazy gag gift did you give for your white elephant exchange? Let us know by leaving a comment below.