Abstract: A reusable gift wrap assembly includes two discrete sleeves that are together configured to conceal exterior surfaces of a gift box upon covering the gift box with the sleeves. Each sleeve includes two material layers that are connected together along a portion of their perimeter so as to define an interior pocket and an open end through which the gift box is inserted. One of the sleeves includes a free open end that is positioned to at least partially overlap a free open end of other sleeve so as to conceal the free open end of the other sleeve when the sleeves are assembled onto a gift box. Each sleeve is formed from a resilient fabric material such that the sleeves can conform to gift boxes of varying shape and size.