Red Gift

Red Gift is a Gift item obtained from the Defend Jerry's Workshop event, killing Winter Sea Creatures, clearing stage 1 of the Chicken Race, or a Minion with a Krampus Helmet upgrade in it.

They can be right-clicked on a player to spawn a present which the clicked player can open. Both players will get the present drops. Once opened, the item will drop on the ground. Only the 2 players that opened/gave the present will be able to pick up the items.

Drops
Red Gifts also have a chance to give the player.