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regift

[ree-gift]
verb (used with or without object)
  1. to give (an unwanted gift) to someone else.
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noun
  1. an unwanted gift that is given away.
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Origin of regift

First recorded in 1995–2000; re- + gift
Related formsre·gift·er, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018