Buy the wrong present for an adult and it is unlikely that you'll know until the offending item makes its way back to you via the grand tradition of re-gifting. Buy the wrong gift for a teenager, on the other hand, and you will most certainly be able to tell it was a flop immediately (those withering glares give it away every time).

Be the best gifter on the block with my roundup of stylish - and cheap! - graduation gift ideas. From jewelry to luggage and more, you'll find presents for any college or high school grad on your list - for under $50 each.