Who can resist playing with a good old fashioned wooden pull toy? This Monkey pull toy is $24.95 at Pottery Barn Kids.
Go big: Get the Jumbo Wood Pull Toy Train for $89.oo. It's sure to be a keepsake item.
Other ideas for baby: Plush giraffe $12 at Anthropologie, a special holiday outfit from Janie & Jack boy or girl $60+, a collectible book (see This is New York $14.36 from Barnes and Noble), ABCs block cart for $12.99 at Target, a unique onesie $12 from Inklore.