Yes, this is a very utilitarian and pessimistic view of gift giving, and probably not great for me to have. I've been shaped by years of required and thoughtless gift giving.

Items of low value, carefully selected, actually work really well for gifts! I think the process of curation can dramatically increase their perceived value, compared to a "serious" gift. But at some point, you just have too much stuff of all kinds, and you have to start getting rid of it.