Find a new home for an ugly sweater, perhaps

• Pass along, with dubious etiquette
• Pass along, as a present
• Wrap again, with questionable etiquette
• Pass on, as a fruitcake
• Pass off, as a crappy Christmas present
• Pass along a fruitcake, perhaps
• Present a pre-sent present?
• Keep a fruitcake moving?

Wiktionary Word definitions in Wiktionary
alt. (context transitive informal English) To give something as a gift which the giver previously received as a gift; to give to a person something previously received as a gift. n. (context informal English) A gift which has been given to a second or subsequent ...

Wikipedia Word definitions in Wikipedia
Regifting or regiving is the act of taking a gift that has been received and giving it to somebody else, sometimes in the guise of a new gift. One example of a formalization of this activity are the white elephant gift exchanges , in which items can be ...