This paper problematizes gift relations in criminal organizations. It adopts a symbolic interaction perspective to focus scholarly attention on the way in which actants skillfully maneuver within the social expectations inherent in gift-giving relations. The study is based on insights from twenty interviews with ex-convicts and ten interviews with police officers or associates, and an in-depth analysis of memoirs, police reports, and newspaper articles. Our study expands the scope of symbolic interactionism by considering how the exchange of gifts and favors is emotionally stylized to achieve both social and operative goals. We aim to carefully deconstruct the performance of gift-giving and favor exchange in Israeli crime organizations, to understand how it is orchestrated to elicit genuine feelings among givers and recipients, as well as to control the use of violence. Finally, we identify gift-giving as a double-edged sword designed to lure recruits into a network of binding obligations, only to form a durable system of credit and debt wherein any transgressions are strictly punished.