Christmas is right around the corner. Have you started shopping yet? If not and you're wondering what you should get the favorite people in your life, we've compiled a list of the best and most popular toys and gifts for Christmas 2013.

  • 1


    The fourth edition of Sony's PlayStation gaming system is undoubtedly competing for the hottest Christmas present of 2013 with the XBox One, but the PS4 boasts several benefits to make it the top choice.

    The PS4 features incredible graphics, a Blu-Ray player like the PS3 and hardware that packs a punch that any gamer will love. There are plenty of games coming out with the release or have just been released to go along with the hardware, such as Grand Theft Auto V and Call of Duty: Ghosts.

    You'll likely have to find one outside the regular stores, though. Pre-orders are sold out right now, but you might get lucky.

    Cost: $399.99

  • 2

    XBox One

    Sony and Microsoft face off yet again. The XBox One will be the other eighth-generation gaming console taking over the market this year.

    The XBox One fell behind in the race early with a higher price tag and the inability to play used games on the system, although Microsoft pulled back on the used games policy.

    The XBox One features plenty of highlights to "control the living room," as it's been labeled, along with better gameplay, graphics and more.

    Cost: $499.99

  • 3

    Disney Infinity

    Are you starting to wonder if Christmas gifts this year are centered around video games?

    Disney released its "Infinity" sets earlier this year, which allows gamers on any system to use Disney toys to synchronize with their system and the player can play as various Disney characters. These characters can be used to play in various game settings, such as an open arena or in an adventure mode.

    Cost: $12.99-79.99

  • 4

    Big Hugs Elmo

    Featured on Toys R Us' "Fabulous 15," Big Hugs Elmo is one of the hottest toys in 2013. The stuffed animal was big in the 1980s, we all remember what life was like for "Tickle Me Elmo" buyers in the '90s, and now we get Big Hugs Elmo.

    Cost: $49

  • 5

    Ever After High Dolls

    Dolls will never go out of style and after the success of Monster High dolls (zombies, of course), Mattel released Ever After High dolls this fall. They're more humanlike and are based on popular fantasy stories and characters.

    Cost: $19.99-34.99