If you're looking for a craft to get you in the mood for Christmas gift-giving, I would highly recommend making a man's tie. It doesn't require a sewing machine and it can fill a specific need that can't be found anywhere else. It will result in lots of compliments to the person who wears it (and to you, by default).
Here is one of ours that gets many favorable comments.
My husband has two of them for falltime.
People also remark upon his Christmas tie every year.
He always wanted one with cows:
And here is a tasteful one for St. Patrick's Day:
Buy yourself a pattern from the store (or find one online), and for easiest future use, trace it onto non-fusible interfacing--then you can use it again and again without it coming apart.
It takes a yard of fabric. It does take time and careful hand-sewing, but it's worth every minute.