Check out Buy Nothing Christmas.org and view their catalogue of gifts that money can't buy. Their Christmas carol singing at the mall would have made Ghandi proud. (g)
I do think it's a neat idea, but if people widely implement it, we'll have to do something to make up the economic shortfall. A good economy means jobs. Christmas is the biggest selling season of the year. So how could we balance things so that there is not a great loss to the econmy, while still allowing us to retain the more spiritual meaning of Christmas?
According to musesong, the gift-giving part is mainly a holdover from the Roman Saturnalia, anyway, not specifically related to Christmas.
Cats: Kelli, you have to read this cat story by caniche. Have you ever seen anything like that?