Top Definition
When you go shopping high and you end up with something completely useless yet can't return it and don't want to throw it away so you save it and gift it.
Peter: whatcha gonna do with that post-christmas gingerbread house kit? Gary: keep it as a universal gift for someone like my grandma or cousin next year. Peter: ya, I regifted one of those this year to my teacher. Gary: Nice.
by Endless Summertime January 01, 2011
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