parting gift noun3 •A gift given to someone who is leaving; a leaving present. •An offering given, usually as a consolation prize, to a person who is not the ultimate winner of a contest. Often used in a game show for contestants who are not the grand prize winner.Like a game show contestant with a parting gift. I could not believe my eyes. - Blues Traveler, Runaround •A final attack or insult by a departing enemy. formsparting gifts