A reusable gift bag for holding a gift therein and which can be used again after the gift has been removed. The reusable gift bag includes a bag with an opening therein, and a peripheral sleeve around an outer periphery of the opening. The peripheral sleeve has a break therein defining a pair of opposing open ends. At least one flexible elongate element is extended through the peripheral sleeve for constricting the opening of the bag. The elongate element has a pair of opposite ends outwardly extending from the break in the peripheral sleeve. A writing instrument is coupled to one end of the elongate elements. A reusable tag is coupled to the other end of the elongate element. The reusable tag has an exterior surface designed for permitting wiping off of marks formed thereon by the writing instrument in order to clean the exterior surface of the reusable tag for repeated use of the reusable tag.
