What do you think about a recycled Christmas?

If you are part of a family with adult children, instead of buying something new for everyone, instead give something you have that you're done with but think they will enjoy. (and maybe a gift certificate in case your gift bombs) Our family did that a few years ago and it worked out pretty well. We're not rich but we all had accumulated plenty of things over the years. It was a fun variation on the usual gift giving.