Would you participate in a ”Grinch Santa” exchange or figure it too risky?

If you were in a large family, company or organization and many people wanted to add some spice to the old ”Secret Santa” thing and had a variation of ”Grinch Santa” where all the gifts are gender neutral and of a particular price range. They are wrapped and placed on a table. You then draw for spots to see who goes in what order. You can’t handle the gifts just examine them by eye. If ”Charlie” goes 1st and picks a gift he unwrap it. Then ”Janet” takes her turn, if she thinks “Charlie’s” gift was more to her liking then she can put her gift aside and take “Charlie’s” gift from him, then he goes and chooses another gift but no one can take that one; it is his forever. Then ”Melvin” has his turn where he can take “Janet’s” discarded gift, or pick from the table. He can also chose to have “Janet” discard “Charlie’s” gift and pick again getting a gift that his hers forever but forfeiting his turn until the last person had gone. Then the next person in line picks and so on. Would you find that fun and interesting or too risky? Not only that someone can take or make you give up a gift you were lucky enough to get that you liked but that cliché and blocs of people can work together to manipulate the process or strike back at someone who took a gift that someone they are tight with got? Maybe no one will want to take anyone’s gift and defeat the whole process? Hope that gives you an ideal.