Use Frosty's Left Right Christmas Story Game as a perfect way to do a gift exchange... It's also great as an icebreaker when you're giving out just a few prizes, just to start an event.
To play the game, form a circle and pass the gift(s), (candy, prizes, etc.) to the right when you hear the word RIGHT and to the left when you hear the word LEFT.
When the story is over, the gifts belong to whomever is holding them.
As simple as that!
After downloading the game document, print out a sheet for you to read.
As this is about the passing of gifts, get appropriate gifts for all your guests (extra bonus if you love to shop for special gifts!).