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I am really excited about this one and wanted to share this with my Thrifty Fun Family!
I have never heard of Furoshiki before and this is the absolute coolest! Not only is it a green way to wrap gifts (the cloth itself being an extra gift), but it can also be used as a purse/carrying case!
The tutorial says to use a piece of square fabric, but you can mold/fold even a rectangular piece in to a square. Hope you get as excited about this as me :-)
The first link is a video tutorial, the second link is a PDF file that gives several other gift item wrapping instructions and the third link is the history of Furoshiki
Source: A girlfriend sent me the video and I googled more about Furoshiki. Here's the video:
By Deeli from Richland, WA
Editor's Note: Two of the links did not work, so we have included a Wikipedia entry on Furoshiki
I've been collecting inexpensive cloth tote bags for gifts. I buy these tote bags at grocery stores and thrift shops. They cost $1 or $2. I put birthday and Christmas gifts inside the reusable tote, instead of a gift bag or wrapping paper. I'm saving money, recycling, and the recipient gets a handy cloth or recycled tote bag. I've picked up some really nifty tote bags over the summer.
By RuralAngel from Dover, DE
A great holiday tip that became a tradition. Make a family box, box with separate lid, wrapped separate, for easy opening, fill with movies, games, new ornament, books, anything your family will share. It's great for video games.
Tie a wire ribbon into a bow on top, and open together after all the gifting on Christmas. Reuse every year just pack some Christmas stuff inside and put away till next year.
By 123helen from Senoia, GA
You can use gift bags not directly related to the occasion with some ingenuity. I cut out candy images from an advertising mailing and put them on non-Christmas bags to make them more festive. This way I can use pink and violet bags, for example. Candy colors, no? Think of sugar plums!
You could save old greeting cards and paste/tape them onto gift bags or store bags. (I touched up the slight wear on a metallic bag with a permanent magic marker - They are wonderful!)
Collect colorful magazine images and newspaper ads, etc. and crumple instead of tissue. Coordinate with the colors of the gift bag(s).
P.S. Did you know that you can IRON tissue paper on a very LOW iron to refresh it? And many ribbons can also be ironed, just make sure you don't try that on the lurex (metallic) ones, as they might melt!
By pamphyila from L.A., CA
Here's a gift wrap idea for you. Years ago when my church gave a baby shower for a young woman in dire straits, I was helping an older lady pick up the gift wrap and get it ready to be tossed. I was middle aged at the time and she was probably the age I am now. After we filled up 2 toilet paper cartons, we both declared we would never spend another nickel on gift wrap.
On a few occasions, I have used the gift bags which I recycle. Mostly, if I am going to a wedding shower, I wrap it either in kitchen or bath towels and use a tuffy scrubber for a bow. Everyone needs safety pins so you can use those to secure it instead of scotch tape. For a baby shower, use a crib sheet or blanket and a rattle or small toy for the bow. You can use diaper pins instead of scotch tape to hold everything in place. All of it is usable and nothing will be thrown away.
I love the holidays, but I really don't like wrapping gifts and bags can get expensive to buy.
So now I use cloth or Tyvek shopping bags (like the ones found in all stores' check outs) to wrap gifts.
Look for ones that have great designs (they are cheaper then buying paper gift bags and stronger too!)
I went to an online printer and purchased 5 of them, adding a photo of a painting I had painted, but you can even add a photo of a family member or pet for personalized bags. Great memories or laughs too!
You can use them again and again each year too.
By Donna 
My daughter-in-law has been going through the granddaughter's toys and arranging them by type, like Barbie's, etc. She purchased some plastic bins of different sizes for this task. I suggested to her that she ask all who customarily give gifts to the kid, put them in a plastic bin of appropriate size instead of wrapping them. Dollar Stores have them and they don't cost any more than traditional gift wrap.
By MartyD from Houston, TX
Give your gifts in this huge wow factor container.
By Pretty cheap jewelry from California
Because of our consumer society, we may want to consider "downgrading" the packaging and wrapping of the things we purchase in the coming year. I recently heard of a great idea: instead of wasting what amounts to tons (collectively) of wrap and ribbon, why not use seasonal dish clothes or towels to wrap some items? You could use place mats that have been rolled up and tied as a beautiful gift alone or with some kind of neat kitchen gizmo tucked inside. Use YOUR imagination!
Instead of purchasing shirt boxes for the holidays, use cereal boxes instead. They are just the right size to slide a shirt, pants, robe or anything else like that into. You can decorate the box with wrapping paper so that the cereal logos aren't seen.
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I save all of my cereal boxes or any box that is about that size. I take those small cans of paint and some paint that is gold or silver color. I then spray my box with the color of paint that I want to use. When it's dry, I spray mists of the silver or gold or both on the box. When the box is dry, I take some of the Christmas cord found at craft stores. I make a couple holes on the narrow side of the box or two holes on each side of the box. Then I tie a knot on one end of the cord slip it through the first hole then through the last one then tie a knot on that end. Now you have a gift bag/box. You can also use stickers, ribbons, or just about any thing on your box to decorate it.
By Robin Mays from Bonham, TX
By Crystel Tse
Instead of paying for boxes to wrap presents in, I save boxes from cereal, oatmeal, crackers, microwave popcorn; just about any kind of box and put my presents in them.
For Christmas gift wrapping this year, I purchased some of the recycle bags that stores are selling now, canvas and usually green, the cost is usually a dollar. Use this bag to put your gifts in, to encourage recycling. A paper gift bag would cost about the same. This bag will last a lot longer and put festive bows on it.
By Hope from Wilmington NC
Instead of using wrapping paper or paper gift bags I use reusable grocery tote bags. I watch for bags which do not have printed advertisements on them.