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?