The subject of this article or section is part of Feast of Winter Veil, a seasonal event that lasts several weeks. Once the event has run its course, this will no longer be available until next year, but there are no guarantees.
Festive Gift is a quest reward from  A Festive Gift.
As an object
The Festive Gift is located under the tree during Winter Veil in the cities of Ironforge and Orgrimmar. It offers the  A Festive Gift quest which provides the present item.