Prepare a gift (4)
I believe the answer is:
wrap
'prepare a gift' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for wrap that I've seen before include "Flatbread snack" , "Swathe" , "Envelop" , "Stole - parcel" , "Shawl - fold in paper" .)