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12/19/2012 at 09:00 AM ET

blake lively 300x400 What Is Blake Lively Gifting to Friends and Family This Year?Rob Kim/WireImage

According to Blake Lively, the most important kind of gift is “something that lasts,” she says. So what does that mean to her? This year, it’s fragrance.

“A fragrance is something my father would always give to my mother — we all