One of my favorite, inexpensive, go-to gifts is a personalized framed cross stitch. Once you've finished the cross stitch, all you need is some time, leftover thread, and a frame (thrift store ones work great) to make a lovely finished product.
Design credits: The rocket design is from The Cross Stitcher's Complete Companion by Bookspan (page 203). The cursive font is "Blessed" from The Best of Cross Stitch Basics edited by Susan White Sullivan (page 86).
Step 1: Tools and Materials Needed
Finished cross stitch
Thin cardboard (cereal boxes work great)
Iron and ironing board
About one skein of cross stitch thread, any color
Cross stitch needle