Do you do stockings? DH and I don't give them to each other but our parents still give them to us, as well as my grandparents.
What do you put in your stockings? DH's mom does the traditional candy, chapstick, a small gift (usually inexpensive jewelry), socks, etc. My parents tend to spend a bit more - expensive hair products (including shampoo, etc), makeup, a few pairs of expensive underwear and socks, DVDs, etc.
Are these items a traditional gift or something small enough to fit inside a sock?
Both sides use a traditional sized stocking and my parents put the 'spillover' outside of the stocking - things like shampoo, beer, and magazines.
Now, when I was a kid, my brother and I's stockings were like this:

(That is not me) They were so large I could fit in them and they'd be filled with dolls, stuffed animals, coloring books, etc., along with the traditional pop, candy, toothbrushes, etc. Most of our gifts from Santa were in that stocking, and then our 'big gift' would be displayed and set up in front of the fireplace. These stockings were used until my brother no longer believed in Santa (couldn't change it without being suspicious).