Prepares a present (5)
I believe the answer is:
wraps
'prepares a present' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for wraps that I've seen before include "Fillings rolled up in soft tortillas" , "Envelops" , "covers for protection" , "Encloses" , "Winds" .)