Blue Label is a profound rip-off. If you are looking for a blended Scotch, the John Walker Gold Label can typically be found well below a hundred dollars and possesses much of the smoothness and complexity of the Blue.
For someone seeking a gift Scotch on the non-peaty side of the die, I recommend the gift I gave my father for Christmas, a Glenrothes 1992. If you roll in a higher tax bracket than me, you might consider the 1979 produced by the same distillery.
If you have the other kind of person to buy a gift for, one who relishes the oily, smoky, peaty excesses of Scotch, I can think of no better choice than the Lagavulin cask strength offering. The bottle I have experience with is a 16 year; I am not sure if Gordon & MacPhail or Cadenhead or any of the other independent firms offer another bottling. I have heard that the distellery has burnt down, and that the world's remaining supply of this peaty elixer is dwindling.