I think regifting is fine for certain types of things. For gifts that the giver has clearly put a lot of thought into and has chosen something specifically for the receiver, I think it is not appropriate and rude. But for things that are just generic type gifts, like chocolates, wine, shortbread, etc. I think it is definitely appropriate. Of course it has to be unopened lol. I do think if a gift was particularly expensive then it's a bit tacky to just pass it off as something you bought. And obviously a bit of care needs to be taken so that the giver doesn't find out that you are giving away things they gave you.
I guess there's a difference between regifting in the guise of 'someone gave this to me but I don't need/want/like it so I'm giving it to you' and regifting in the 'I got this gift just for you how generous I am!' sense. The former I think is appropriate for a lot more things than the latter, which is really only acceptable for generic-type gifts.
I kind of think the whole concept of regifting demonstrates how silly and over the top we have become in terms of giving gifts at Christmas. Like having to give gifts to all your co-workers, neighbours you don't know that well, every teacher your child comes in contact with... it gets so you do end up giving nonpersonal gifts like tins of biscuits that no one really wants. For people that you actually want to give gifts for, you do put thought into what they would really like and pick a personal gift that doesn't need to be regifted. I don't think passing out meaningless gifts to everyone you said hey to during the year is really the point.
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