I love a gift wrapped in red, a gift under the tree When the lights blink only for you and for me But what I like most and what most rings true Is the way I feel knowing that my gift is you. We sip the hot chocolate, we sing "Noel" Whether first or the second Noel, we won't tell I know that I'm tardy and long overdue In telling my love that my gift is you All that we hold in each other's heart Is the hope that each Christmas we won't be apart So our stockings are hung and from my point of view We're here with each other, and my gift is you We hold in our hands what we love the most We hold in our hearts what others just boast But what I like most and what most rings true Is the way I feel knowing that my gift is you. I love a gift wrapped by you, a gift under the tree When the snow falls lightly for you and for me But what I like most and what most rings true Is the way I feel knowing that my gift is you. We sip the hot cider and we "Deck the Halls" We've trimmed the tree and even some of the walls You know I am here now and though overdue To tell you my love that my gift is you We hold in our hands what we love the most We hold in our hearts what others just boast But what I like most and what most rings true Is the way I feel knowing that my gift is you.