White elephant parties are growing in popularity as the cost of goods soar, and buying individual gifts for all of your friends would require a lottery win. Let's face it, it can be pretty expensive trying to be Santa to everyone. In case, you've never heard of it, a white elephant party is a type of gift exchange in which each guest brings a wrapped, usually gag or joke, gift to a gathering. The origin of the name comes from the idiom “a white elephant” which means an expensive and unnecessary …