Do you have a friend or family member that is graduating from junior high, high school, college, or another educational program? If so, make the extra effort and get them a gift to show how proud you are. Saying congrats is one thing but actually making the effort to buy something thoughtful means a lot more.
When actually giving a graduation gift, think about a present that is unique and is something that nobody else has. This can be a rare gift or, what I suggest, is an engraved graduation gift. Not only are you giving a present, but you are giving a present that marks their accomplishment (graduating) in time.