You are exactly right. Humans are social creatures, and the "winning and losing" in such events is governed by far, far more than the "expected value" of the gi

You are exactly right. Humans are social creatures, and the "winning and losing" in such events is governed by far, far more than the "expected value" of the gift. Excessive "ragging" is a net loss, often for the entire group. Chemistry is tricky, and a game like this can get toxic, quickly. As can any game. That's why people often play games, it's a very effective way to suss out people's true nature. Doesn't matter whether it's White Elephants, Bridge, or Golf. One excellent strategy is to deliberately pick a lame gift and make up a funny story about why you want it. For example, if absolutely nobody wants the lime green monokini, take it and announce that you intend to hire a houseboy and make him wear it. Presto, everyone is laughing and you are off the hook for winning without dampening the fun of those who want to play the game for keeps.