Regifting

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Do you regift. Im a big recycler and if I get something I don't like or wont use (thoughtless gift) I keep it and pass it on to someone who I know will like it. Otherwise it would just be left sitting in a press wasting away. Some people think this is mean but not me. Why keep a useful item you don't need or use and go and buy another one the same. I think that's a waste.