SAN DIEGO (TheStreet) -- It's not exactly easy finding the perfect holiday gift for the people in your life.

The decision-making becomes even more challenging, in some ways, when money is not a concern -- when you can choose from such things as treating someone to a flight on a vintage 1943 Curtiss P40 "Kittyhawk" or perhaps the opportunity to share a drink with NFL greats while watching the Super Bowl.

If the local mall doesn't have the right gift for the people on your Christmas list, read on. We just might.

1. Royce Freedom Wallet from Royce Leather

Do you know someone who's regularly losing their wallet? Don't almost all of us have that person in our lives? Twenty-year-old whiz kid Andrew Bauer has come up with a solution. The University of North Carolina at Chapel Hill student has designed a wallet that's getting rave reviews from Glamour, the New York Daily News and the Los Angeles Times.

The wallet, which retails for $99 and comes in men's and women's styles, comes with GPS-tracking technology that links to a free downloadable Smartphone app.

"I'm from an inner-city area of New Jersey, and there is a high rate of crime," Bauer says. "I've lost my wallet multiple times -- whether it was stolen or money taken from it. I was a victim of identity fraud and lost more than $3,000. All of those things instigated the idea for this wallet."

If the wallet's owner walks too far away from the wallet, an alarm sounds on the owner's Smartphone.

"If you leave the wallet in the bathroom, or under a sofa or in a bar, and you walk 100 feet away, the alarm goes off and you can go and track the wallet using the map on your Smartphone app," Bauer says.

The wallet is even made with Radio Frequency Identification blocking material. That means the wallet is also safe from RFID thieves who work remotely -- using scanners to steal your credit card or social security information.

"This is a great Christmas gift for someone because the cost of losing a wallet -- in terms of stress, in terms of time loss and financial loss -- is greater then the cost of the gift, and you will be a hero for presenting this to your loved one," Bauer says.

The wallet can be bought online at Brookstone, Sears, Wal-Mart and Kohl's, Bauer says.

2. Air Combat Dogfight from Xperience Days

Some of the hottest luxury gifts this year are "experience" gifts -- giving someone the chance to fulfill a dream.

For those who dream of participating in air combat dog fights, Xperience Days provides the opportunity to climb into a Marchetti S260 for air-to-air combat.

This unique adventure begins on the ground, with a briefing about piloting maneuvers the flyer will be executing in the air. Next, there's a practice session focused on the fundamentals of each aerobatic maneuver. After that, the recipient of this gift gets to climb into a specially designed military aircraft with a flight instructor.

The airborne mission includes flying loops, spirals and crazy aerial formations, as well as blasting opponents with special laser targets -- all recorded on video to take home after the flight.

"This is for people who are looking for that ultimate thrill, who grew up watching Top Gun or dreamed of being a Navy pilot," says Michelle Geib, president of Xperience Days. "We get both men and women, and some husband and wife competitions for the dogfight."

If you know someone -- or a couple -- who have always wanted to engage in air combat, this opportunity can be had in more than 30 major metropolitan cities around the country for $1,395 per person.

3. Vintage Airborne Adventure from Xperience Days

Air combat not quite the right experience for the aviation enthusiast in your life? All is not lost. There is also the opportunity to relive the glory days of aviation with Xperience Days via a vintage airborne adventure.

For $2,299, the recipient of this luxurious gift gets the opportunity to fly in three vintage aircrafts: a 1942 WWII Stearman Biplane, a 1941 North American SNJ4 "Texan" and a 1943 Curtiss P40 "Kittyhawk."

"It's pretty cool flying in a vintage aircraft, because they are either open cockpit or a slide-back cockpit. You really get to experience what those pilots felt like. And you get a great bird's eye view of what you're flying over," Geib says.

4. Tickets to the 50 Yard Lounge

Is there a football fan in your life? Why not give them access to New York City's premier VIP destination for Super Bowl week? Talk about being someone's hero

Taking over a full city block at One Penn Plaza -- directly next to Madison Square Garden -- this five-day NY-centric food and football experience will encompass 15,000 square feet and includes heated roof decks, tented plazas and restaurants.

Several A-list stars and legends of football will be among the partygoers. Those who have signed on to participate in the party include players Joe Theismann, Doug Flutie, Hall of Famer Chris Carter and ESPN's Mike Golic and Mike Greenberg. The New York Jets will also be there. They're hosting a Jets House at the 50 Yard Lounge that will serve as the team's official hospitality venue.

The price of this gift ranges from $440 to $650 for a single-day pass to the lounge. The cost of a multiple-day lounge pass varies from $1,000 to $2,200.

"If my wife were to buy this for me it would be exciting -- you get an amazing Super Bowl experience, you get to talk to an NFL legend, eat great food, hear some great music and be part of the excitement of that week," says Lonny Sweet, 50 Yard Lounge creator. "The Super Bowl, it may or may never come back to New York City again. This is an opportunity to be part of the biggest sporting event of the year."

5. The Life Story Book

Do you know someone who has a great life story? Why not help them put it in writing?

The life story book is an emerging trend in luxury gift giving. The cost of this gift ranges from $15,000 up to $50,000 or $60,000, says Amy Butler, a personal historian who specializes in creating such books.

"It used to be considered suitable to have a life story written if someone is famous or infamous -- or it was seen as a vanity project. I absolutely do not believe that at all," Butler says. "Sometimes someone's first reaction is 'Why would I do this? I didn't lead a super special life.' I think of it as an act of generosity. There are so many things that can be passed down from one generation to the next."

The process of creating such a book involves participating in a series of interviews with Butler, who drafts the finished story in long-form narrative. The story is printed with photos and bound into an heirloom-quality book.

A full life story typically runs about 300 pages, Butler says, and involves about 15 separate interviews that can be spaced over days, weeks or a year.

"There is such a big curiosity with and genealogy. But what people are starting to realize is that genealogy just gives you the raw outline. With life stories, it really fleshes the story behind the genealogy. Instead of just having the facts, you're getting people's values. So it's a good way to pass on values, memories, the things that were important to you."

6. Graf von Faber-Castell Perfect Pencil -- the World's Most Expensive Pencil

Here's a gift for the person who just never seems to have a proper writing instrument handy. Well, with three diamonds and gold, this may be more then just your average pocket pencil.

Made by Graf von Faber-Castell, the $12,000 pencil includes a built-in sharpener and eraser and consists of elegant ribbed cedar wood with a sliver extender cap.

Still not sure about the sticker price on this gift? Here's where the priciness comes in: The pencil's extender and the end piece are made of 18-carat gold. Underneath the coat-of-arms on the pencil there are three diamonds.

The pencil style was among the types Faber-Castell began making in the mid-19th century. Only 99 of the current version of the pencils were made.

"The pencil pays homage to the cult object of poets and scholars," says Faber-Castell's Sheila Hopkins.

Except most poets and scholars probably couldn't afford this pencil.

Hopkins says the target audience for this gift is "someone who likes the unique and the best of the best. I would say probably the true luxury connoisseur."

It is available via special order from Faber-Castell.

7. Destinations in Focus Weekends, by Exclusive Resorts

If there's a photography lover in your life, Destinations in Focus may be the ideal gift.

Exclusive Resorts has partnered with iconic Leica Camera to create this opportunity, which includes experiential escapes in Costa Rica, Mexico and Arizona.

Starting at $2,999, Destinations in Focus weekends include access to Leica Akademie's team of instructors, as well as $100,000 worth of Leica equipment. The weekends include a stay in one of Exclusive Resorts' multimillion-dollar villas, complete with dedicated on-site concierge and a host of luxe resort amenities ranging from a private chef to daily spa treatments.

In addition, guest photographers provide expert coaching and inspiration throughout the weekends, sharing professional techniques and insight.

The weekends, which begin in July, have been developed for experienced or novice photographers. Destination choices include Peninsula Papagayo, Costa Rica; Real del Mar, Mexico, and Tucson, Ariz.

8. Volunteer Vacation Mending Kids International

And finally, for the person who truly has everything, who wants or needs nothing that can be bought in stores, wrapped and put under a Christmas tree -- why not give a gift that will be life changing for both the recipient and needy children around the world?

That's how Mending Kids International's executive director, Marcelle Sellars, describes participating in one of the nonprofit's missions abroad.

"Life changes when you get outside of your comfort zone," Sellars says. "This is for people who are looking for meaning. Or maybe they always wanted to go and do something and didn't know how to take that first step. It allows you to get out there and experience a different culture and help take care of sick kids."

For $3,000, $4,000 or $5,000 you can send someone on a trip with the nonprofit, which provides life-changing and life-saving surgeries to needy children in 53 countries.

Volunteer trips include visiting Guatemala, Costa Rica, Panama or Peru for seven nights, for $3,000; an eight-night visit to Asia or Southeast Asia for $4,000; or an eight-night African surgical mission for $5,000.

The price includes hotel, airfare, most meals and ground transportation. The experience also includes helping in a surgical clinic, observation in the operating room, recovery floor visits, toy distribution and sightseeing to local cultural attractions.

Mending Kids is particularly well known for providing the surgery that separated conjoined twins "The Two Marias" from Guatemala. The nonprofit has been featured on The Anderson Cooper Show, CNN, in the Los Angeles Times, People magazine and more.

Since 2006, Mending Kids has helped more than 1,000 children.

"This is not an adrenaline kind of thing," Sellars says. "And it's not a wake up call per se But some people come back from these trips completely revitalized, humbled and grateful."

That's one tough Christmas gift to beat.