The Prudent Homemaker has a series of tutorial posts on her blog (not the main website) about the extremely creative and beautiful and low-cost Christmas gifts that she is sewing for her children. I think the fact that these are specific gifts for specific people makes them more real and more interesting, but at the same time they're still useful to the rest of us. Good job.
The November 24th post at Sew Mama Sew's Handmade Holidays is Gifts for Book Lovers. There are some fun sewing ideas there--I especially like the pillow with a big pocket for books (a pillow with a couple of picture books would make a great kid gift).
And you are just not going to believe how cute one of the ornaments in the November 23rd post is. Or two of them, since two are shown. I'll give you one guess which pattern. Here's the original post with a tutorial.