This Gift option is driving me crazy! I used to print the receipt only and I use that for processing my orders. However, since the receipt shows prices, when they mark it as a gift I need to print the second Gift Receipt to go with the item. I can't print just the gift receipt, since it doesn't contain any order details (Priority shipping, customization, etc.) So now every time they mark it as a Gift, I have to print both sheets.
I don't think it would bother me as much if it turned out they were really gifts, but the vast majority of them are people ordering and having the item shipped to themselves! It's as though they don't understand what it's for and think "oh, yes, I'm giving this to my friend once I get it, so it's a Gift; I'll mark it as that when I order." Seriously, at least 90% of the ones marking "Gift" are having it sent to themselves! Etsy needs to make it clearer what they are asking for when they select Gift.