15 “Favorite Things” Party Gifts That Feel Luxe on a Budget

Is there anything better than sharing your favorite things with people? I LIVE for a Favorite Things Party—for many reasons. Namely, I love how they truly work for any type of group: friends you’ve known forever, groups of acquaintances, workmates, family members, you name it. It’s a fun way to get to know someone, share something you love, and go home with a few goodies vetted and approved for you to enjoy.

Featured image from our interview with Monique Volz by Suruchi Avasthi.

What is a Favorite Things Party?

Before we jump into gift ideas, let’s quickly explain the concept. A Favorite Things Party is all about sharing joy and discovering new treasures. It’s a gathering where each guest brings multiple copies of one of their favorite items, typically within a set budget. Guests then exchange these items, allowing everyone to go home with new favorite things!

You leave with an assortment of new-to-you favorites, and it’s a great way to discover products your friends swear by. Here’s how it works:

1. Each guest brings 3-5 gifts at a set price point (e.g., under $20).
2. Count the gifts and drop the numbers for each in a hat (e.g., if six people bring three gifts each, you’d write out the numbers 1-18 on separate pieces of paper).
3. Draw pieces of paper for the amount of gifts you brought (e.g., if you brought three gifts, draw three numbers).
4. Go around the circle and talk about the favorite thing you brought and why—give it your sales pitch!
5. Beginning with number one, take turns choosing items from the pile until all the gifts are taken.

Tips for Choosing the Perfect Favorite Things Party Gift

• Stay within the agreed budget to keep things fair for all participants.
• Choose items that truly bring you joy—authenticity is key!
• Opt for things with broad appeal to increase the chances of delighting others.
• Consider packaging your gifts in a creative, reusable way for an extra special touch.

Now, let’s get into some thoughtful and crowd-pleasing gift ideas!

Conclusion

The beauty of a Favorite Things Party lies in the personal nature of the gifts and the joy of discovery. Whether you choose something practical, indulgent, or creative, the most important aspect is sharing a piece of what makes you happy. Happy gifting!