All gifts are meant to please the recipients who are supposed to value what they get. In order for your gift to achieve these two specific qualities, you are not going to just pick something out of the stores and present it to your friend. In fact it might not please the person at all. So find the ways by which you can add some warmth and value to your gift before presenting it. Here are some bright ideas.
Pictures with the gift: This is one method of including the old pictures that carry fond memories of shared time together. This will make the person know that you still cherish the times you spent in the past. It is best to unearth the oldest pictures for this purpose.
