Under $50: Vizo Ninja HS Notebook Cooler
Sometimes practical gifts make the best kinds of gifts. If there's someone in your life that relies solely on his laptop for all of his computing needs, it may be a good idea to pick up something like Vizo Ninja HS Notebook Cooler. Many laptops can have inadequate cooling solutions, so desktop stands like the Ninja HS can work wonders to extend life and improve performance.
The Vizo Ninja HS is one of the best notebook coolers that I have used and this is largely because of its fully adjustable design. It really can accommodate all kinds of notebooks. Retail price is in the $50 range, but you can find other similar products for less.
Under $50: Star Wars Mimobot Flash Drives
The crazy kooks at Mimoco have a huge range of Mimobot designer USB flash drives and one of the best collections has to be their Star Wars set. No, these drives don't offer any kind of special security software, but they may be able to ward off attacks using the powers of the Force.
You can side with the Jedi and pick up flash drives styled after Luke Skywalker, C-3PO, or Princess Leia. If you're feeling a little more evil, you can instead jump to the dark side to find a royal guard, Boba Fett, or Darth Sidious. These have to be the coolest-looking USB flash drives I've seen in some time, but they do come at a premium price.
Under $50: Plenty of Video Games
Buying video games doesn't need to be all that expensive, because with the exception of those huge band kits, most games for most systems can be had for $50 or less. Perhaps the best value that you will find is on the Nintendo DS, home to so many wonderful games like Ninjatown and Castlevania: Order of Ecclesia.
If you're feeling particularly frugal and you'd like to get a new Nintendo DS Lite of your own, there really is nothing stopping you from nabbing one of those bundles, keeping the DS Lite for yourself, and giving out the pack-in games as gifts. The same can be said about the Xbox 360 Holiday Bundle. Just don't give away the Kung Fu Panda game. That's worse than a lump of coal.