re-gifting

Is it Okay to Re-Gift a Gift Basket?
Is it Okay to Re-Gift a Gift Basket?
Is it Okay to Re-Gift a Gift Basket?
Just pull off the name tag and hand it to someone else? Is that okay to do if you receive a gift basket that you don't want? There's no sense in re-wrapping it right, just change the name on the give and hand it to someone else. Is that okay?