We do presents but definitely not 8 per kid. I try to get one book for each kid. We are overflowing with toys so I'm trying to limit that. So far, my 9 year old is getting a camp chair, knicks sweatshirt and a new book. That's probably it. My 8 year old is getting a knicks sweatshirt, camp chair and a puzzle, my 6 year old wants Pokemon so she's getting cards one night, a binder another and then a book, my 4 year old asked for play dough so I'll probably get some, a book and some unknown present. My husband and I only get stuff when we see things the other one wants so many years it's nothing.
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