pilfergifting

The act of taking the posession(s) of another person, and then giving them to a different person during a holiday season.
I definitely just pilfergifted my little sister's Malibu Barbie to Todd.

or

Sir, I'm sorry but you've been caught pilfergifting from innocent children.
by .Ryan. January 14, 2007
mugGet the pilfergiftingmug.