Oprah's Favorite Things 2008: Recession-Friendly Gifts Cost "Next To Nothing"

Oprah's Favorite Things will be recession-friendly this year. After years of lavish giveaways — last year, for instance, she gave away an HDTV refrigerator, a camcorder, and many luxurious home products — the host will be scaling back her annual list of Christmas gift recommendations to reflect hard economic times, the show said in a statement:

"They're some of Oprah's favorite things, but this time there's a twist...they cost next to nothing! On [Wednesday's] show, viewers reveal their creative ways to spend less over the holiday season. You'll meet a mom who shows us how to create a one-of-a-kind treasure that comes straight from the heart Then, one family talks about their very own tradition that doesn't cost a cent. You'll also hear some great ideas to make your holiday party memorable and affordable. And, Oprah unveils a special gift that won't cost you a thing! Find out how to have the thriftiest holidays ever."

To prep for next week's episode, watch video of the always-over-the-top crowd reaction from last year's Favorite Things episode here, and video of the crowd reaction to Oprah's Favorite Things for Summer here.