Noun
A gift given to someone who is leaving; a leaving present.
An offering given, usually as a consolation prize, to a person who is not the ultimate winner of a contest. Often used in a game show for contestants who are not the grand prize winner.
Like a game show contestant with a parting gift. I could not believe my eyes. - Blues Traveler, Runaround
A final attack or insult by a departing enemy.
Source: en.wiktionary.orgIt was eventually certified gold and sold 600,000 copies in the U.S., though its singles (" Parting Gift ", " O' Sailor ", " Not About Love " and " Get Him Back ") failed to enter any Billboard charts. Source: Internet