noun
a gift that has been previously received and is given to someone else
verb
to give a gift that one has received to someone else as a present
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It is considered impolite to regift a present that was given to you.
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I don't want this gift, so I might regift it to someone else.
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I'm just going to regift this to my friend because I have no use for it.
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Sometimes we need to regift our past mistakes in order to move forward in life.