[jodi]

Ditto! I have been on the receiving and giving end of regifts, and I think it's a great idea. I regift all my generic baby gifts (onesies, bibs, blankets, etc.) as I just have too much already. I regift nice things, but things I just don't need, at gift exchanges through work or at family gatherings (picture frames, bath sets, etc.). A lot of these things cannot be returned, so what good are they sitting in my closet?
The only drawback - we got about 3 complete sets of wine glasses for our wedding - really a lot more than we needed. So we tried to take back one set (the only one that we knew where it was bought). They were able to tell by the coding on the package that they were bought well over a year ago (before our engagement!) so they would not take them back. So I guess if you are going to regift, either be sure they will love it or know that it is able to be taken back!
About buying used items for gifts - I love this idea, although I never tried it out of fear of offending people (except for finding things at antique stores). But this year we have put a $20 limit on gifts for DH's family, so anything goes!