Last Christmas several of my friends and I wrapped our presents to each other (we all quilt) in fabric. It's wonderful. You can start ohhhing and ahhhing before you unwrap. Then there is another little quilter's must have inside the beautiful fabric.
It's such a great idea. It's a bit harder to wrap with, so don't try to make it act like paper. Your sewing friends will love this and if they don't sew, well you can just take that wrapping fabric back home with you. No huge piles of paper all over the living room and no waste.
If you do use paper for presents, remember to recycle it.
Have A Very Merry Christmas