I enjoy wrapping presents, and being creative about it. Whether it's putting a cone on top and fins on the bottom of a cylinder to turn it into a 50s rocket ship, or sculpting the wrapping paper into a rat with a 12" tail, I'm fairly good at it. Usually, I find myself short on time, though, and resort to the right rectangular prism, glitzy paper, maybe a ribbon wrap and a bow. The evolution of gift bags hasn't gone unnoticed. Those holidays that I was broke, the Sunday comics made a good gift wrap. I've also used brown kraft wrap, butcher paper, and fluorescent printing papers.
My favorite is the brown kraft wrap, tied up with plain string (no tape, no ribbon, no bow, no tag).
One year, I found my mom's stash of Christmas gifts, and totally spoiled the surprise. Never again. I'd rather not know until that day.
When it comes to unwrapping, I don't salvage paper. Bows, maybe. I always carry a pocket knife. The first Christmas after my nephews were adopted, one borrowed my knife and sliced himself pretty good. My sister laughed at him, and told him my pocket knives are always sharp. "Merry Christmas. Let's go get you bandaged up."