Yes! We love stockings in our house. Everyone staying gets one - all DC but all adults too. Everyone does them differently so you can set up a tradition that works for you.
They are usually hung by the chimney or at the foot of the bed. We always did the chimney because DC were very light sleepers and we didn't want to wake them by sneaking in to stuff the stocking. Also, I love seeing them hanging under the mantlepiece.
Some people do all presents in stockings, some people just do tiny novelty gifts.
We do small presents that were from Santa until teh boys were about 10. He'd write them a letter telling them what they;d done well that year (being kind to each other and looking after their pets etc). The main ones are under the tree from us.
We fill the stockings with a mix of Poundstore/Tiger/Wilkos sweets, craft stuff and toys, and add some bath/body products, a book, a tee shirt, a DVD and CD. Now DC are in their very late teens, the stockings are more full of small useful gadgets, grooming products and the occasional miniature gin or whisky.
You have to hang the stocking wiht a mini ceremony - leaving out some reindeer food and a carrot for Rudolph and a mince pie and small sherry or malt whiskey for Santa.
Don't forget to nibble the carrot and mince pie.
If you want, you can add snowy foot prints with fake snow (sprinkle it around the biggest Wellington boot or hiking boot you can find to create the footprints.
DH and I have stockings too - a few food treats, a book, nice underwear - that sort of thing.