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Do: Insist Upon a Yankee Swap
The thing about young, presumably hip people is that a lot of them tend to work in or around creative industries. Thus, they are also presumably broke people. Yankee swaps allow you to get away with bringing one pretty cheap gift to cover the whole party. Also, they're totally fun and everyone should have them, always.
Don't: Serve PBR
Even if you plan to use the cans for decoration later. Especially if you plan to use the cans for decoration later. The whole point of the holidays is for things to feel more special than usual, so step it up and make some damn punch.