Other forms: regifting; regifted; regifts
To regift is to take a present you received and give it to someone else. If you'll never wear the striped sweater your aunt knitted for your birthday, you should regift it.
Everyone gets gifts that aren't quite right sometimes. You might receive a jacket that doesn't fit, a candle that smells weird to you, or a fancy chocolate bar with nuts (and you're allergic). In cases like these, you can regift, giving the jacket to your sister for her birthday, bringing the candle to a housewarming party, and putting the chocolate in your dad's Christmas stocking. Regift adds re-, "again," to the verb gift, "give as a gift."