For me, my mom decided to handle the gifts that year. The adults had hired a fake Santa to come and listen to each of the children's wishes, including myself. And the children got to decide which present they wanted—presents that the adults gave the santa to distribute, most of them wanted the ones my mom wrapped up. Of course, the bigger the present the nicer it was right? Wrong, instead of a barbie doll or an action figure, or whatever else they were expecting, what they received was CEREAL. I was mortified at the time, but now when I remember the memory, I can't help but burst into laughter when they saw it was a box of cornflakes. 
Imagine: the smiles slowly slipping off of their tiny little faces.
Funnily enough the true gifts were the tiny ones where it contained jewelry or money. Others contained fruit, so I guess ours wasn't that bad in the end.