Buy a nice note book with a solid, hard cover. Mine is a bit smaller than A4. Write down all your family favourite recipes. (If you're not married - write in it all the favourites from your childhood.)
It saves hunting through recipes books for that recipe each time, enables others to find the recipes easily (makes getting someone else to cook a little easier), and makes a great leaving home present. Well, I'm guessing at that last one. The Girl hasn't quite left home yet ;-)
A recipe journal also makes a lovely gift - engagement, housewarming, etc. I gave one to my sister-in-law for Christmas one year, and explained how I used mine. She loves it.