Gift Exchange Ideas - Yay or Nay

So, I had a thought the other day regarding gift exchange for Christmas this year. We don't want people to spend too much money since you've already spent enough to get yourselves to Chicago and for David and I that is gift enough, but because gift giving is such a large part of the holiday we thought we'd open it up for discussion to see if anyone would be interested in a gift exchange. Some ideas we had:

• Stockings instead of wrapped gifts - We could do a name exchange amongst our whole group or even within each family so that each person would receive a stocking by one other member of the group or family. You would spend no more than $25 (we can go with a smaller amount as well, I just threw that number out there to start with) and can fill it with small gifts, candy, whatever as long as it's under the agreed upon amount.
• Wrapped gifts - similar deal, we could do a name exchange so that each person gets at least one gift to open and set the limit at $25 (or whatever is agreed upon) or we could get a small gift for each person within the whole group or within our individual families, that is no more than $10-$15. To make it even easier, we could even choose specifically what the gift will be. For example, we'd do a DVD, Book, CD or other type of exchange.

I personally think that if we do decide to do gifts of some kind then drawing names is a good idea because it is the least expensive way to go and each person will get something to open on Christmas. And, as said earlier, we could throw every one's name into a hat and draw amongst both families or since this is the first time you'll meeting each other and don't know each other very well yet, we could just draw names amongst our own families as well. Let's us know what you think and take it from there.