Really, it's not, even though some weenie dictionaries have now added it as such to pacify people who insist on "verbifying" it. (sorry)
You give someone a gift. You don't "gift them".
You receive a gift. You weren't "gifted" (but perhaps if you insist that you are, then you are gifted in a different way… Ahem)
A present is given to somebody for an occasion. It's not "gifted".
Now some may claim that the english language is a moving, evolving thing. If we're going that way, then I propose:
"chairing" – a new term meaning to be seated in a chair
"caring" – driving somewhere in a car (yes, this may cause confusion with showing care, but the language is evolving – get over it)
"webbing" – surfing the world wide web
"inaning" – wasting your time reading my dumb posts