What do you call a gift that turns into a hassle, like a gift card for a store not in your area, or one with a pressing expiration date? A New York caller suggests the term gaft. Another possibility is white elephant, a term derived from the story...
wraparound adj. providing continuous, comprehensive, or back-up support or coverage of all obligations or aspects of a situation. (source: Double-Tongued Dictionary)
pull a heart muscle v. phr. to withdraw, back out, or retreat from a competition, conflict, or obligation; to chicken out. Editorial Note: To pull a heart muscle is similar to having tiny heart syndrome. (source: Double-Tongued Dictionary)

