Having just completed two gifts in a relatively short space of time - I have decided that it is one of my favourite things to see someone open and appreciate a homemade gift! I loved every second of making those gifts even when running out of time but this doesn't take anything away from the process - dreaming of the item and then about it's construction and finally how to present it.
I'm very lucky to have such an incredibly understanding family who put up with me when I can't decide what to make (or who to give my fantastic unmade idea to) and who seem to appreciate what they've been given even if they have something very similar already!
It's getting better though, I gauge the time it will take better and actually make sure that I do little and often. And, I'm picking out nicer more appropriate materials and the ideas are much less wacky than they used to be!