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Degifting 

1. A mutual agreement to suspend holiday gifts for at least one season, usually within a single family or circle of friends.

2. The act of replacing useless and pointless merchandise with something more meaningful, such as a charitable donation, service project or holiday party.

3. Wal-Mart's biggest nightmare.
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?
Degifting by Peter Kobs December 21, 2009
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regifting 

the act of taking a gift received from a friend and giving it to another friend as if you had actually purchased it for them
Friend 1: Wow, that mixer is bigger and better than yours!

Friend 2: You're right, I'm keeping this one. I'm regifting the old one. Who's birthday is coming up?
regifting by mrbsounds February 4, 2010

Drifting the Walrus

When you need to take an emergency shit and run to the bathroom but don't make it in time.
Last night Steven was caught drifting the walrus.

dick drifting 

When a girl who cant use her legs rides your dick
Damn man, stacy was dick drifting like a street racer
dick drifting by PiperPickledPeter February 1, 2018

Tramp drifting

to participate in the motorsport of drifting on a very low budget. Most tramp drifters use "tramps"/"trampers" that cost a few hundred pounds, and are often not road legal such as old BMW`s, Sierras, Volvos, etc but with a few modifications can be just as competetive as high cost drift cars in the right hands.
Stripped interiors, welded differentials and cut springs are a common features among tramp drift cars
I got a Sierra to go Tramp Drifting until I can afford a better track car.
Tramp drifting by tarmac surfer September 7, 2009

Stoner Drifting 

The inability to control the wandering capabilities of your body. Usually involves complete lack of focus and/or a destination. Stoner Drifting most likely begins just after or within an hour after smoking. Most participants don't even realize it is happening until they find themselves thinking, "What the fuck am I doing over here?".
I have no idea why I am in the laundry room, but that was some extreme Stoner Drifting.
Stoner Drifting by Leo Dicaprio November 10, 2010

drifting on a memory 

when you take it a while back thinking about past memories
we drifting on a memory while we thinking about these days - Speedy Loc - back in the days