Often seen wrapping present? (5)
I believe the answer is:
tense
'present?' is the definition.
(present tense)
'often seen wrapping' is the wordplay.
'wrapping' says the answer is hidden in the clue.
'TENSE' can be found hidden inside 'often seen'.
(Other definitions for tense that I've seen before include "Nerve-racking" , "It may be perfect" , "Anxious, nervous" , "Rigid; verb form" , "fraught" .)