According to freedictionary.com the definition of regift is:
to give (a gift one has received previously) to someone else
You are either pro or con on regifting. I think regifting is a great way to declutter and move items on to others to use. I say if you don’t love it or use it, consider regifting it.
Of course, there are some regifting rules to follow.
If you haven’t yet finished your gift buying this year, consider regifting for some of the remaining gift items.