You know, I was thinking of this song just yesterday and considering whether the thread needed to be revived. Thanks, Genie.

As for versions, I have heard three. Opinions follow:

Stephanie Davis ~~ easily the best in my mind. Hardest to find, but you can give her a listen at the PHC link Genie gave last year. You can also hear a better quality :45 sample at her site.
Stephanie's recordings page   Go there if you want to purchase one of her albums, though they are available from other mailorder sources (including Camsco, I'll bet!). All of her albums are worth having. The Gift is on her "River Of No Return" CD. I see that she has a brand new one out that I was not aware of ~~ it contains her recording of Spotted Ass. For those of you who have heard that one, I don't need to explain it ~~ for those who haven't, check it out at her site!

Aselin Debison ~~ quite good. As you can tell above, the version I first heard and which set me on the search for the rest. The link I gave to her site last year will get you to a sample. Easier to find than Stephanie's recordings ~~ I bought mine at Borders while passing through St. Louis last year.

Garth Brooks ~~ don't knock this one. I was prepared not to like it, but found that I did. GB can do a song up right when he wants to. It's on his 1992 Christmas album and should be easiest to find.

I know there are other versions, but with a title like The Gift, they are hard to locate. BMI is no help, listing only the Garth Brooks on Stephanie's credits page.