After being married for over 40 years, one might think that Regis Philbin has mastered the art of buying holiday gifts for his wife, Joy. Not exactly. In a hilarious sit-down chat with Rachael, our co-host for the day recalls some of his worst gift ideas ever. (Note to the men reading this: Never buy your wife a food processer.) And later, Regis shares his plans for the holidays, including where he'll be performing this New Year's Eve!

Regis Breaks Bread with Rachael

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