This next neighbor gift might take a bit more time and money than the previous two ideas but I still LOVE it. Grab some flour sack towels (or any other kitchen or hand towel) and spruce them up with some embroidery or a cute applique. Here are a few I made a while back with fabric scraps for wedding gifts.
(Yes, I do have a yellow oven. Jealous? Yeah, me neither.)
Here are a few great tutorials and ideas on different ways to embellish hand towels: