Do you "regift"?

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Ok, since it's Christmas time, I thought I'd ask this question. I have heard several people say that they "regift" and I was just wondering how many of you on here have done that. And if you haven't, would you ever consider it? Personally, I have never given someone a gift that was given to me as a gift. I would just feel weird about it. But I guess if you're not going to use it and it hasn't been used/opened, then there's really nothing wrong with it. Tell me your thoughts on "regifting".