I got this idea from naptimejournal.blogspot.com. The idea is that the baby Jesus got three gifts that first Christmas and so that should be enough for us. Also, having meaning behind the gifts is more important than the quantity. This is a great way to remember the real meaning of Christmas.
There are three different gifts:
The Gift of Wonder: perhaps something from Santa.
The Gift of Usefulness: a new tool set or sewing supplies or perhaps clothes.
The Gift of Meaning: something homemade or something that would have a special meaning between the giver and receiver.