When I was a child, we had actual socks. Knee high socks that would fit a 10-12 year old. The younger children borrowed said socks from the eldest. With hindsight, no doubt they got so stretched out of shape that they weren't much good afterwards, not that we thought about it at the time.
I have seen suggestions for 'stocking-fillers' that to my mind would be way too physically big.
Do most people now use shop-bought Santa stockings that can take much bigger stuff?
I guess there are advantages and disadvantages to each approach?