Mix graham crumbs, butter and 3 Tbsp, sugar; press onto bottom of 13x9-inch pan.
Beat cream cheese, 3/4 cup sugar and vanilla with mixer until well blended. Add eggs; mix just until blended. Pour over crust.
Bake 30 minutest or until center is almost set. Cool. Refrigerate 3 hours. Cut into bars or squares. Decorate with gels and sprinkles to resemble presents.
Notes
To easily remove bars from pan, line pan with foil before pressing crumb mixture onto bottom of pan.