I’m a parent of teens, so am mostly in the side of your in-laws.
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for myself, I have money and most of my interests are too focussed for anyone not in those niches to successfully gift me. I would really love a treat or time.
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for my teens, wtf do you want? Let me shower you with gifts while I still can
Last year we built gaming computers. They got something they appreciate all the time and I got a fun activity with my kids! I have no idea how to match that, let alone top that