Even the Queen has to scale it back these days.

Yesterday on her "Favorite Things" show, when Oprah Winfrey usually lays out baller-style for her audience with everything from diamonds to fridges, O gave her fans the cheapest love of all –- advice. "This is not the time to be introducing you to a lot of things that cost money," she said.

Instead, Opie handed out tips on how to do the holidays for less. Like she no doubt will.