A Wrapped Gift is produced by inserting any item into Wrapping Paper. These items are exclusively available in-game during the Season’s Beatings! event each year. Admins may spawn them via the F1 console at any time of the year.
Once you’ve inserted any item into the wrapping paper, you can elect to wrap it. It may then be unwrapped to retrieve the original contents. It doesn’t look great, but it’s a gift from the heart.