Continuing this week's theme of cheap and easy homemade Christmas gifts that look neither cheap nor easy ... Homemade Chocolate Syrup.

The recipe, from Small Notebook (who, in turn, borrowed it from The Complete Tightwad Gazette) has only five ingredients. And since the result keeps for several months, you can make the sauce at your leisure, far before the last-minute crush of holiday shopping and get-togethers.

Yes, the results look tasty, but what really makes this a gem of a gift is the container you package it in. A flip-top glass bottle (like that used at Small Notebook) with a homemade label makes this easy homemade Christmas gift appear not only delicious, but also thoughtful.

Homemade Chocolate Syrup

½ cup cocoa powder
1 cup water
2 cups sugar
⅛ teaspoon salt
¼ teaspoon vanilla

Mix cocoa and water in saucepan. Heat and stir to dissolve cocoa. Add sugar, and stir to dissolve. Boil 3 minutes over medium heat. Add salt and vanilla. Cool. Pour into a sterile glass jar, and store in refrigerator. Keeps for several months. Yields two cups.