I got the same idea (giving the game as a gift to a friend), so thx for the thread.
Emily, it would be nice if Telltale Games adds a "send as gift" option to the purchase options. It would be especially helpful if the friend gets the email (or a cc without the price tag?) with the activation code at an optional time (i.e. I buy the game today, but the mail shouldn't be delivered before Saturday 20:00 o'clock because then I'm invited to a birthday party :-))).