The One Where Rachel Has a Baby, part 2 - S8-E24
Audio problem: As the nurse comes back from wrapping the new baby, we hear her say "Here she is," yet her mouth doesn't move to the words she is apparently saying. Even though her mouth is only visible during the "she is", she's not saying the words. Then she mouths some sort of "oh", but nothing is heard. (00:09:00)
Answer: Usually by the seventh night of Hanukkah you don't know what to get the other person, and you will probably resort to getting the other person something insignificant. Chandler is basically saying that the pen is a stupid gift.