This isn't a worthless domain by any means. However I think it's one of those domains where at first look it seems a lot better than it really is.
The -ing sometimes works .. and Gifting is a strong enough word even with -ing to have value in .com ... but having both the -ing and it being in .net I fear makes it a significantly tougher sale to an end user. Kinda hard for me to put an actual value on it given both those combined factors.
If it were on my list of expiring domain auctions today, I'd certainly have marked it to be watched, but I'm pretty sure I wouldn't have grabbed it at $11 closeout. that being said .. there are a lot of good domains I don't grab at $11 or even $5 .. so again .. it isn't necessarily a worthless domain.
Either way .. I wish you luck with it and hope a good end user does find you!