"Regalo di Natale" is an Italian film directed by Pupi Avati. The story revolves around a group of friends who decide to exchange Christmas gifts in a different way. Instead of buying presents for each other, they agree to give each other something that they already own but that has sentimental value. As they exchange these gifts, they start to realize the true meaning of friendship and the importance of the memories that they share. The film explores themes of love, friendship, and the spirit of Christmas.