My brothers and I got our dad an iPad 2 for his 60th (!) birthday this year, and he brings it everywhere. I will admit that it's both useful and easy to use. Also, it has some beautiful apps, so this tablet is definitely not an overrated product.
Price: $499 - $829
Alternatives: If you don't mind buying from a personal seller, Ebay or Craigslist has much cheaper options. Just be careful!
This is beautiful.
Alternatives: This one's pretty different.
Give someone special the gift of a fancy breakfast in bed. Comes with flowers and a basket of muffins. You know how Ross feels about that (Youtube).
Alchemist & Co.
Alternatives: The site has a lot of other overpriced sweets and goodness. Swoooon.
I've heard of the automatic vacuums, but this is just ridiculous. Ridiculously awesome.
Alternatives: Hire someone.
And finally...one of my favorite topics: VACATIONS.
I honestly would rather get a great experience than a very expensive object (unless that object is a brand new car). It's something that your lucky recipient will be talking about for years after, and you get to have a lot of fun too.
Up next, something for the...I'll tell you later.