Panda-monium fallout and two mayoral candidates release financial platforms: Five stories to watch this week

Hundreds of people packed streets in Ottawa's Sandy Hill neighbourhood Saturday night as part of post-Panda Game celebrations. (Shaun Vardon/CTV News Ottawa) Hundreds of people packed streets in Ottawa's Sandy Hill neighbourhood Saturday night as part of post-Panda Game celebrations. (Shaun Vardon/CTV News Ottawa)

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What is the 'white elephant' gift exchange?

With the holiday season in full swing, families and friends looking for a more unconventional way to give gifts can look no further than to the 'white elephant' gift exchange, but what is it exactly?