I like #3. It incorporates the gift concept. The red colour isn't quite what I had in mind for the colour scheme. Also, whilst I like the star concept, I'm not sure if it's intended to just look nice, or have more meaning. Good work though. Thanks.
Here is my very clean two color logo in sophisticated colors. They can be changed to any color you'd like. The bow is also a couple “g's” that also form a W