Kevin Kelly's Cool Tools blog mentioned this neat little radio controlled airplane. Checking around on the net, it gets pretty remarkable reviews considering it's only $30.00.
Shira and I are always stumped with what to buy kids (and most adults), so this seems like a handy option to have around. I can't imagine you can go too wrong with anything that flies and could potentially cause structural or bodily harm.
What other great gift ideas do you have? Oh, and if budgeting is your thing, you should check out the Get Rich Slowly suggestions for a frugal Christmas (and I assume Chanukah/Kwanzaa).