After the holiday season, many people wonder: Is gift wrap recyclable? Well, it depends. Since many companies and communities now recycle magazines, newspapers and office paper, one would think you could toss gift wrap into the recycling bin. But with festive gift wrap now coming dyed in laminated colors with flecks of metal, glitter and other plastics embedded in it, these shiny scraps of paper can actually pollute recyclable paper. Instead of risking it, it's best to toss the gift wrap and add only undyed and unembellished paper to the recycling stream. When in doubt, toss it out.