Last December, I went to a Favorite Things Party with a group of friends. Honestly, it was one of my favorite Christmas parties ever.
We laughed, swapped stories, and discovered so many fun products I’d never tried before (and I’m still using).
If you’re looking for a festive and personal way to celebrate this holiday season, here’s how to host a Favorite Things Gift Exchange Party that everyone will be talking about all year!

What Is a Favorite Things Party?
A Favorite Things Party is all about sharing the little things you love most. Each guest brings one (or more) of their favorite items. Something they personally use, enjoy, and think everyone else will love too.
It could be anything from your go-to lip balm or coziest pair of socks to your favorite snack or kitchen gadget. The best part? Everyone gets to share why they love their item. It’s part gift exchange, part show-and-tell, and full of great ideas.
Supplies You Need
- Wrapped gifts (everyone brings their “favorite thing”)
- Gift tags or labels (if you draw numbers instead of names)
- A bowl or basket for drawing names or numbers
- Snacks and drinks
- Optional: decorations (cozy candles, winter greenery, or sparkle lights)
How The Exchange Works


1. Set a price limit. Typically $20 or less per gift.
2. Decide how many gifts guests will bring. Explain this on the invitation.
- For larger groups, have each person bring 3-4 of the same item.
- For smaller groups, you can keep it simple with 1 or 2 gifts of the same item each.
3. Everyone brings the designated number of their favorite item wrapped, unmarked, and ready to gift.
4. When guests arrive, they write their name on the same number of slips of paper as gifts they brought (for example, 2 gifts = 2 slips) and drop them into the bowl.
4. Each guest takes a turn drawing the same number of names as gifts they brought (for example, if you brought three gifts, draw three names). Then, hand your gifts to those people. Take turns going around the circle, drawing names and opening gifts. When your gift is opened, share the story behind it. Share why you love it and what makes it one of your favorites!
*If you draw your own name, put it back and redraw.
5. Everyone leaves with as many new treasures as they brought, plus a list of must-try favorites.
Choose a Theme (Optional): Want to make it even more fun? Pick a theme! Try “self-care favorites,” “kitchen finds,” or “snacks you love.” Just make sure everyone knows the theme in advance so the gifts stay on track. See more theme ideas at the bottom of the post.
Make it a game! Try a fun gift exchange game to go along with your party, too!
What Makes This Party So Fun
Last year, I went to a Favorite Things Party with a group of women. We sat in a circle, taking turns opening gifts while everyone shared the story behind their favorite item. By the end of the night, I had new product ideas, four great gifts to take home, and a few new friends.
- It’s Personal: Every gift has meaning and gives a peek into someone’s personality.
- It’s a Discovery Party: You’ll find new products, snacks, and ideas you never would’ve tried otherwise.
- It’s Low-Pressure: With a set price limit, it’s all about sharing and having fun. Not spending big.
- It’s Full of Laughs: Between the stories, the surprises, and the reactions, it’s impossible not to have a good time.
Favorite Things Party Gift Ideas Under $20


Different Favorite Thing Party Theme Ideas
A theme adds a fun twist, gives guests an easy starting point, and reduces the stress of “what should I bring?”
Try one of these favorite thing party theme ideas:
- Self-Care Night: Candles, spa goodies, fuzzy socks
- Snack Attack: Favorite candies, chips, or local treats
- Cozy Mornings: Coffee, tea, mugs, or breakfast favorites
- Clean & Simple: Eco-friendly or minimalist finds
- Book Lovers: Favorite reads, bookmarks, reading lights
- Creative Finds: Stationery, art supplies, or DIY kits
- Kitchen Finds – Favorite cooking gadgets, spices, or utensils
- Beauty Must-Haves – Makeup, haircare, or nail polish you swear by
- Amazon Favorites – That one random Amazon product you can’t live without
- Holiday Cheer – Seasonal candles, ornaments, or Christmas treats
Christmas Party Games To Play
Add even more lively fun to your party with one or more of these hilarious games that adults love!
What’s Next?
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Don’t forget to save this How To Host The Best Favorite Things Party Post to Pinterest For Later


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