Asking out of curiosity really, because some of my favorite gifts throughout the years have been very cheap and i wonder if it also applies to other people as well.
My best friend knitted a lovely scarf for me using letfover yarn and it turned out to be one of my favorite gifts ever. When i was around 18 a good friend gave me a dessert his mom had made for me as an Easter gift and i remember how delicious it was. One of my patients gave me a pair of very cheap earings that i really love and use very frequently because they go with almost all my clothes ans are so 'me'.