Kusudama - These would make awesome ornaments.
Paper Roses - What a beautiful and environmentally friendly alternative to a bouquet of flowers. And here are some Lilies.
Pin Hole Camera - Got any photographers on your list?
Photo Pencil Covers - Artists or writers??
Paper Globes - Another great ornament idea
Paper Ornament Stars
Cereal Gift Boxes - Recycling at it's best! And here is one out of old greeting cards.
Book Hand Bag - for those book lovers!