What does the cryptic crossword clue "Wise man wrapping present (7)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Wise man wrapping present (7)

Independent Cryptic #11599 | 20 Down | 2023-12-14 flower

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Times Sunday #5165 (2025-05-25)