Abstract: A method for electronic gifting while simulating the wrapping and unwrapping experience in the real world is provided. The method comprises creation of a virtual package, by a giver, for temporarily concealing a virtual gift icon from a recipient using a concealing overlay. The concealing overlay may comprise one or more components, at least one of which forms a temporary barrier layer over the gift icon for temporarily concealing it. The gift icon is representative of any gifitable asset. The method also enables the recipient to interact with the virtual package for removing at least a portion of the concealing overlay from the virtual package for revealing the gift icon. A system implementing the method is also provided. The system comprises modules which enables the giver to create the virtual package and the recipient to interact with the virtual package.