The most common and most likely answer to this crossword clue is the 7 letter word GOODIES
G
O
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Buddy explains!

The straight part
We know that "gifts" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case gifts = goodies.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does GOODIES mean?
GOODIES noun- A good character in a story, often a hero.
- A small amount of something good to eat.
- Any small, usually free, item.
- Pudding made by boiling bread in milk with sugar and spices.
- Goodwife, a 17th-century puritan honorific.
- An American fish, the lafayette or spot.