"Regifting" is OK, it all needs to be Convention appropriate gifts. That means that it's Japanese, anime, or manga related and meets the PG-13 requirements. I think that the cost requirement should be ignored, mostly since some of us have stuff we don't mind giving away that would cost a lot *eyes his DVD shelf*. We could say that you can't buy anything new over like, 40 bucks. That would still let people buy CDs or videos if they wanted (even if they're imports).
More importantly, I think there should be a minimum gift for all of the poor people on the boards. Like, two boxes of Pocky. Different flavors even! How's that sound?
I like Totemo's idea of a maximum size, lets say backpack. People have to be able to get it home after all.
Hey Mustash you be in charge of the exchange since you already have it set up, just make a little post explaining what we have to do.
Instead of secret santa we'll call it, NINJA SANTA!
We're Santas that have real ultimate power and can flip out and give people presents at ANY MOMENT! XD