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Whale Tart says:

I have an obnoxious nephew and most of the time I just want to give him a slap.

Ok, so you can't gift wrap a slap, so maybe just buy him a really big card and write down all the adjectives that you associate him with, you are in a loose loose situation anyway and sometimes people just need to know that they matter.

It is the cheapest gift but also the most touching, I did the A to Z for my child after she graduated, it was dead easy, I googled adjectives and from A to Z only wrote down the ones that were true to her and then wrote a note telling her how much I enjoyed having her in my life, it was a gift from the heart not from the wallet.