In all the hubbub of a party, gift tags can easily become separated from their corresponding presents. Prevent this by wrapping both of them in an opaque layer of glassine. The glassine creates a frosty window through which confetti snowflakes (or other shapes) can be seen drifting around -- not unlike a snow globe. Sprinkle confetti on a glassine sheet, place the tag and the wrapped parcel facedown in the center, and wrap.
Stay-Put Gift Tags
Martha Stewart Living, January 2002

Sounds beautiful, but honestly, that means wrapping every present twice. That takes away from time I have planned to bake cookies and other things I have listed on my time scheduled count down to Christmas. I guess it works if you have paid help. I'll have to stick to the tape:)