"Walter's Christmas Gift" is the third Christmas episode of the CBS sitcom Maude. It originally aired on 20 December 1976 during the show's fifth season.
With money tight since Walter's bankruptcy, the family decides to make homemade Christmas gifts for one another. Meanwhile, Walter gets a generous business offer from Arthur and a fellow doctor, Hubie Binder. It seems they want to start an appliance business and they want him to run it. He reluctantly agrees but soon becomes fed up with the novice Arthur.