I've never really had anything suitable for that, but as it's one of those families (and extended families) who tells everyone everything, it'd be silly to do so. They'd suss me out in seconds
One of my aunt/uncle pairings does though. My parents don't really get on with them - huge clash of personalities. They'll put up with each other if they meet but will sit there exchanging sarcastic side-shots all day, appearing to be sickeningly polite but with thinly veiled sarcasm and venom. They never openly insult each other even if left alone, only side shots, I think neither of them have the bottle!
As with tradition they exchange gifts at Christmas (it's one big family, they have to), and not only do this aunt and uncle re-gift, they send them right back to my parents

Everyone knows they do it, it's stupid.
I'd say if ever you do do that (and aren't doing it as a deliberate "f-you"), make sure you're sending the re-gift to someone else, in fact make sure you send it to someone who couldn't possibly know or communicate with the one you got it from!
So would I? Probably not. The risk of someone finding out is too great, and I can't see anyone getting me something that is suitable for it. I tend to use the generic gifts like the obligatory shower gel and deodorant packs myself (who came up with that idea though? It's like they're saying "you stink, so I got you something to wash yourself with")