What to do with all of the wrapping paper, bags and bows left over after Christmas? Pack 'um up and put 'um away. I keep mine in a 40 inch Rubbermaid Wrap and Craft. It holds everything I need, keeping it clean and dry until next Christmas.
First, I put my rolls of paper in and then I slide in bags, tissue paper, and flattened down boxes. I use pretty gift boxes to hold my ribbon. I roll each strand of ribbon around my hand and then slide it off, press it flat, and "file" it in the gift box. This wired ribbon can easily be unrolled and tied around the packages next year. Much of this ribbon has been recycled for 4 years now and it still looks great.
I use another gift box to hold package toppers. This protects the toppers from being crushed and broken.