Facebook has this holiday application we can all participate in for a little holiday fun. It's called simply Gift Swap and it's a way for all you Facebookers out there to share and swap gifts.

The fun part is that the gift swapping doesn't start until the gifts are opened. First you add a gift to the gift swap tree, then you take one and open it to find out what it is. Then you swap the gift with one of your friends and your friends swap with you.

You keep swapping until 12AM EST on December 25, 2007. Then you get what you get and hope you ended up with something good.

There's a mystery gift hidden in there somewhere too. Whoever ends up with the mystery gift will win something from Gifts.com.