Do You Recycle or Save Your Christmas Wrapping Paper and Bows?

Do you recycle or save your Christmas wrapping paper or bows? I can remember last year at Christmas with my stepsister meticulously unwrapping her present then neatly folding the wrapping paper up and placing it in a bag with the bows. I was like, is she for real? In my mind I was thinking "Is she really going to reuse that paper?" I guess I'm skeptical but I have a hard time believing that she will actually reuse the paper and bow. I could be wrong and I will laugh if my present this year is wrapped with last years paper.