There's more than meets the eye here. Clearance online is one thing, but the clearance rack in the Electronics section at your local Target, that's a whole different story.
I regularly browse the items here. There's always an array of the overstocked items, such as xbox games, mp3 accessories, laptop speakers, and my favorite, the returned items. I scored a 22" Sylvania flatscreen tv originally priced for $229 for $165. The packaging isn't as "pretty" because, as the tag mentions, it's been previously opened. If that's the case and your looking to gift it to someone, I suggest you get creative with overall wrapping presentation.
My suggestions:
(1) Take it out the box and put a big bow around it (like in those fancy Lexus holiday commercials-finally!) but keep it hidden away until Christmas Day or other day...
(2) If it needs to be delivered, take it out the original packaging and place it in a microwave box, or something less exciting, and then wrap it in a big bow inside the box. Suprise! Not so sucky present after all.
(3) If the original packaging is plain old ugly, make it pretty. Here's a Flickr with some pretty & original wrapping ideas.
http://www.flickr.com/photos/essimar/sets/72157624245249386/show/
The Clearance site for online Target:
http://www.target.com/Clearance/b?ie=UTF8&node=1038626
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