Life is all about graduating. You graduate from one phase to another. During the transition period you carry along all sort of memories and experiences. Experiences are all that can help you in your life. It is when you are caught founding in a particular situation that you bring all your experience to play. And it is for sure memories that you do carry and treasure for all your life. From your birth to the first day in school you will have all memories boxed up in your photo album. And thereafter, many a days and moments will be embedded in your memoirs. And one such day is the graduation day. It is one day of your life that you probably end your basic education and all those cheeky things and naughty sides of your character are buried and done with. Graduation day is the day when you are entrusted with the responsibility to do the right things from there on, be politically correct in all your deeds. On that particular apart from your speech, the thanks giving one you do give gifts to your teachers, friends and parents. It is nothing but more of a formality thing which in turn happens to be the only memory you will be having very soon as a testimony to your graduation day. Your graduation gift should be something that could be of utility to the person you are giving to. You can go in for a cheap gift like pen, books or high priced ones like an ipod or watch. As it is it doe not matter the price tag of the gift but what matters is that you do care. It is your thought that counts and it is always better to gift what your friend or teacher will actually like.