The One In Barbados, part 1 - S9-E23
Plot hole: This is actually for both parts of "The One in Barbados": it's shown that Monica's hair gets all frizzy from the humidity. And yet she's shown all throughout with her hair out and loose in all its frizzy glory, though it bugs her. I could maybe buy that not one of the women have hair gel with her (not bloody likely.) or that the fancy hotel doesn't sell hair gel (possible). But resourceful Monica would have thought of something to calm down her hair, or she would have just tied it up in a ponytail or bun - she does care a lot about her appearance. It makes no sense other than for comic value. (00:09:30)
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.