Every year for Christmas, my brother and I (ahem, I) make a photo calendar for my parents. I just take all the random photos of me and my bro from the current year and let iPhoto do the rest.
Turns out it's a great present for me too! It's such a cool way to review my year and remind myself of all the awesome things we did in a year. I suppose it's the equivalent of everyone's new favorite past time of compiling all their Facebook statuses from the year. Only prettier.
Can't give the whole calendar away, but man those Pontius kids like them some Hipstamatic.