We do it (plus a stocking from Father Christmas). It's not mean at all.
For instance Teen DSD had a couple of years ago:
Want: Games console
Need: new ski sunglasses for holiday
Wear: designer trainers (wouldn't buy that brand normally).
Read: Series of 8 books from fave author
Our baby is having this year:
Want: zoo membership
Need: bouncing chair baby Einstein
Wear: Christmas outfit and pyjamas
Read: Baby's first library (many books)
Father Christmas stockings for the teens have chocolate, cinema gift cards, mini travel speakers etc on top.
The older girls often want high value items (gig tickets, tech, designer clothes, expensive makeup, straighteners etc), so they aren't exactly hard done by. But we are limited on space.
All in all they get carefully selected gifts that they want and need rather than masses of crap. They also get presents from wider family, (and from their mum and her family in DSDs case) etc.