I must confess i don't know much about the .name extension but "Gifts" is certainly a powerfully popular word (75,500,000 on Google.com, 918,772 on OVT US). Could probably be used as a "Name Your Gifts" games type of website someday. Right now not much value IMO unless you can come up with creative pitch to a media/tv firm and can prove from website logs that it gets lots of type-in traffic. I'll say hang on to it, develop a creative, themed website and drive traffic to it.
For this domain, it might be best to develop a "viral" item or service i.e something of very good value you can give away for FREE (e.g photos, videos, ecards, personalized items etc) that will get passed around and around and get people coming back to your site in droves. This will provide you with both traffic and potential buyers. Just do a search for "viral" in GG, you'll see what I mean. All the best.