I let out the air and just have a can of sol now
The pretent contains a "caution the floor is wet" sign
I put it in the middle of a desert. For irony.
The Present contains a smuppet.
ughhhhh *grabs it using a pair of gloves and throws it out. yuck.
The present contains magic mane dye that makes your mane colored like Luna's
I now have glorious, flowing knuckle hair!
The present contains an old, dusty tuba.
I give it to pinkie pie. ^_^
The present contains tickets to a symphony orchestra that octavia is playing in.

KILL IT WITH FIRE!
It contains tickets to the event of your choice!
I didn't know the great dragon migration needed tickets ;p kidding, but that is what I'd want to go to. um.. are there any sort of unicorn magic competitions? I mean pegasi have the young flyer competition. I'd probably use it for a magic contest of some sort.
It contains an invite to canterlotte castle to have a lunch with the two princesses.

KIL… Wait, why should I burn her?!
the Present contains a viper that bites