NaBloPoMo 12/5

I imagine the cast of "Says You!" being given the words "present" and "gift" in a round of What's the Difference. Without consulting Webster (we don't need no stinkin' dictionaries), I would answer that a present is given at a prescribed time, for a birthday, for Christmas, etc., while a gift can be given at any time, making it more spontaneous. Also, a gift can be less tangible than a present. We often refer to the gift of time or of friendship; while you don't usually hear someone speak of the present friendship. Gifts have a spark of the divine about them. A gift might even connote sacrifice which could be why O. Henry wrote "Gift of the Magi," instead of "Present of the Magi."
There are gifts from heaven and gifts from God. Personal attributes or special talents are considered gifts, as in, "he was musically gifted" or "she was a gifted student."
A round of Says You's "Odd Man Out" featuring the word gift might look something like this: Tag, Baby, Horse, Shop and Cheese. Cheese would naturally be the odd man out since you've got your "gift tag," "baby gift," "gift horse," and "gift shop," but no "gift cheese."
And speaking of, it's a real gift when I get to listen to "Says You!" in its entirety on a Saturday night. That 8PM time slot is really not conducive to parents who are trying to put children to bed. In a few years I'll just give up and let them listen with me.