Last year I made a number of food-related christmas gifts and they were a hit with everyone. I thought this year with all the doom and gloom we could get together and post some recipes for home-made food gifts that can be made cheaply and packaged well to make a load of lovely gifts.
So I'll start. Suggested rules are that you must figure out the overall cost (roughly), and make suggestions on how to package to preserve and make pretty/handsome

Last year I made Nigella Lawson's Chilli Jam [as suggested by the folks here] and it was a big hit.
Recipe:
Ingredients:
- 150g long fresh red chillies, each deseeded and cut into about 4 pieces.
- 150g red peppers, cored, deseeded and cut into rough chunks
- 1kg jam sugar
- 600ml cider vinegar
- 6 x 250ml sealable jars, with vinegar-proof lid, such as Kilner jar or re-usable pickle jar
Method:
- Sterilize your jars and leave to cool.
- Put the cut-up chillies into a food processor and pulse until they are finely chopped. Add the chunks of red pepper and pulse again until you have a vibrantly red-flecked processor bowl.
- Dissolve the sugar in the vinegar in a wide, medium-sized pan over a low heat without stirring.
- Scrape the chilli-pepper mixture out of the bowl and add to the pan. Bring the pan to the boil, then leave it at a rollicking boil for 10 minutes.
- Take the pan off the heat and allow it cool. The liquid will become more syrupy, then from syrup to viscous and from viscous to jelly-like as it cools.
- After about 40 minutes, or once the red flecks are more or less evenly dispersed in the jelly (as the liquid firms up, the hints of chilli and pepper start being suspended in it rather than floating on it), ladle into your jars. If you want to stir gently at this stage, it will do no harm. Then seal tightly.
Costs: Peppers and Chillis approx €4. Vinegar approx €3. Jam sugar: €2. 0.5L Kilner Jars 2.99 each in Atlantic Homecare (I bought 3). Packaging: simple gold ribbon/gift tag curled up and tied in a bow: €2 in euro2 shops.
Overall cost of pretty chilli jam gifts for 3 people: €19.99 or €6.66 each.
Costs can be lowered if you use non-kilner jars, but recycle old jam/coffee jars. The kilner jars add to the present as a storage jar for afters!
Any takers?