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Giving gifts to NPCs serves two purposes. First, it increases your status with the faction your friend is a member of, and second, your friend will sometimes send you gifts in return.
This is by no means an exhaustive list, but here are a few examples:
There is an excellent table of all the gifts for all the NPCs, and the inter-relationships between them, at this page at ggFTW.
After every few gifts, Talk to the NPC and, if they have any blue responses, choose that for an extra 2 points of friendship.