I think it's really nice to have 'verb' tags that specify that one or more characters are doing something with an object, rather than the object merely being present. ie, a book does not imply reading and thus a gift box or bandages does not imply wrapping.
That said, I'd be amenable to disambiguating the tag into 2-3 or more tags as needed to cover the various concepts. Gift wrapping is already in use to denote decoration for a gift box or similar item, but we could pull out the act of applying bandages and call that a 'bandaging' tag. Tentacles should probably be tagged as grabbing whatever body part is relevant, or possible add the enveloped tag, and as noted tails are already covered.
Honestly, I think we mostly already have tags that cover the concepts well, and there's just a couple that would still end up ambiguously sharing the same tag here.