We do the full Thanksgiving dinner-turkey, sides, the whole nine yards. I host every year (I am the only one with kids), and my side of the family (parents, brother and SIL) come to stay at my house. All I have to do is buy all the food, clean the house, and give people a place to stay. My brother is an unbelievable chef, and he and my mom do most of the cooking-I just help with the little stuff.
The day after Thanksgiving, we watch the NE Huskers play, and we do Christmas. It's wonderful because that way we get to do Christmas together, but still get to do our own things for Christmas later. Totally the best way to do it.
My brother and SIL usually stay a couple of days, and my parents stay about a week. Can't wait!!!