So, I'm going to tell you both, but the best gift is my actual entry. (:
My favorite gift I ever received was when I was about 9, and Pokemon Sapphire & Ruby came out. I WANTED THEM SOOOO BAD! But, I didn't think my parents would get them for me because they were expensive.
So, on Christmas morning, I opened aaaall my presents, and was pretty happy with it all. But, INSIDE THE TREE, were 2 little boxes wrapped up THAT WERE THE GAMES.
Needless to say, I beat both of them by the next Christmas (I know that was awhile, but it's okay xD )
And, well, that is pretty much my favorite memory too. (: