This emoji universally symbolizes the act of giving and receiving gifts. It can be used not only for physical presents but also for good news, special opportunities, or unexpected favors.

The act of wrapping a gift is a gesture of care and anticipation in many cultures, and this emoji captures that excitement. Online, it's used metaphorically for giveaway announcements, new content reveals, or when sharing useful information to say, "This is a gift for you!"