The One With The Princess Leia Fantasy - S3-E1
Plot hole: In the beginning the Friends enter Central Perk and see that there are some other people on their couch. Monica looks fine and happy - even though later in the episode the other Friends say that she's been depressed for some days now, and she doesn't leave her apartment.
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.