If it's a birthday gift, select ribbon with balloons. There are dozens of designs created for all of the popular holidays. Tulle netting can be purchased very inexpensively at any fabric store. It comes in a variety of colors and looks very elegant wrapped around a gift basket. Tulle netting is the material that is often used on bridal veils.
Shrink wrap is a clear, thin wrapping paper.
When heat from your blow dryer is directed towards it, it shrinks to fit the shape of the basket. Shrink wrapping is the method that is often used on store bought gift baskets, such as Easter baskets. It is not as elegant as tulle netting but can still make a beautiful decorative basket. It is a good idea to keep a supply of the items you will need to make a gift basket on hand, so you can quickly and easily create a needed gift at a moments notice. Purchase an assortment of baskets in various shapes, sizes and colors.