I don't exchange gifts with my friends. We never have. We just try to get together.
We usually go to CT to get together with DH's friends for a holiday dinner. Typically it is DH and I, 4 of his female friends plus 2 of their S/Os, and a guy friend. Two of the girls (the two without S/Os) the past two years have gotten everyone small gifts.
DH said to me the other night that we need to get gifts for them. However, he has no idea what to get them. He thought he should get them something last year and b!tched and moaned about it because he didn't know what to get and then didn't do anything. I really don't get this. I think it is silly at our age to be buying gifts for friends. I mean, if you see something you know someone will like that's fine. But why torture yourself over it? I feel that if he gets them gifts that they will continue and the cycle will never be broken. Isn't getting together and spending time catching up what really matters?!
Re: s/o Gifts (kind of a vent)
This is the same frustration I feel about office gifts (and some friend gifts as well)! It's like pressure to get someone something just because you know they will be getting you something.
Seriously, if it's someone I wouldn't usually think of getting a gift for, it feels "fake" to be giving them a gift and also a waste of money on both of our parts! You didn't need to get me anything, I wasn't expecting it, we hardly ever speak, I secretly find you annoying (LOL I'm sure that's not the case with your friends), I don't think your gift is coming from a good place, I'm not even spending this much $$ on my family, I don't want to get you a gift! I'm so Scroogy!
Sorry, I guess it's not the same situation now that I read the vent I just posted, but I can see why you're frustrated.