35+ Favorite Things Party Gift Ideas Under $20 (Unique, Fun & Crowd Favorites)

A Favorite Things Party is a guaranteed good time. Period.

What started as an annual tradition for me quickly became one of my all-time favorite ways to gather friends. There’s something magical about watching people who’ve just met start bonding over the things they can’t live without — from a perfect mascara to a must-have kitchen gadget.

I’ve taken a short break the past couple of years to test out other party themes (research, of course 😉, but this one always ranks high on my “most fun ever” list.

If you’ve never hosted one before, check out my post on How to Host A Favorite Things Party step-by-step tips. Then come back here for some seriously good Favorite Things party gift ideas that have all been real hits!

How a Favorite Things Party Works:

While every hostess puts her own spin on it, the concept is simple: everyone brings their “favorite thing” to share.

For my party, I ask guests to bring 3 of the same item, around $15 each. (Though with time and price increases, I’d probably bump it to $20.).

There’s always a few people who go over budget (we love the enthusiasm!), but don’t feel pressured. Keep it fun, lighthearted, and doable for everyone. You know your guest list best — choose a price point that fits your crew.

Pro Tip: Think of it like a gift swap meets a show-and-tell — but with snacks, laughter, and maybe a splash of wine.

What to Bring to a Favorite Things Party:

We’ve all been there. You RSVP “Yes!” and then instantly ask yourself, “Wait… what am I bringing?”

Here’s how to find your perfect pick without overthinking it:

Think in categories: Beauty • Home • Kitchen • Hobbies • Entertainment • Food
Choose something you actually use or love — that’s the magic of these parties.
Travel sizes are perfect for beauty gifts (and super packable).
Shop smart — grab sales or coupons when you can.
Have fun with it! People love playful or unexpected gifts.