A small gift or present; an informal or affectionate term for a gift.
From 'gift' + '-ie' or '-y' diminutive/affectionate suffix, following informal English word formation patterns.
The '-ie' ending makes words cuter and more affectionate in English—compare 'gift' to 'giftie,' or 'dog' to 'doggie'—and it's been doing this work for centuries in colloquial speech.
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