The One With Joey's Interview - S8-E19
Continuity mistake: In the opening scene Rachel is holding a white felt pen in her hands and gesturing with it while she talks about the soap opera digest magazine. Between shots the pen sometimes has its cap on and then it's off again so you can see the blue tip. (00:00:20)
The One With Joey's Interview - S8-E19
Continuity mistake: In the opening scene, Joey is holding the Soap Opera Digest magazine. In one shot it is open but folded, then in another it is open all the way, then it's folded again, then it's open again, then it's closed, and then it's folded again. The change is never shown.
Answer: Usually by the seventh night of Hanukkah you don't know what to get the other person, and you will probably resort to getting the other person something insignificant. Chandler is basically saying that the pen is a stupid gift.