This is a nice article giving some ideas for frugal graduation gifts. I love the idea of a spice basket for those just getting their first apartment. Most dollar stores have a very wide selection of spices as well as pretty baskets. Here's another idea: "Starting adult life can mean starting a new job. Skip giving ties and scarves; those are an individual's means for expression in their wardrobe. Give white undershirts or polo shirts to a young man and panty hose or basic make up to a young woman." There are lots of other great ideas in the article.