Yes, you can if you are a member. To send a gift it costs Rox and you have to be a member to access Gift Island.
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You do not earn gifts. If you are a member you can send gifts, member or not you can receive gifts.
You can send gifts from the Gift Island Store if you are a paid member. You can not send furniture, food items or clothing, though.
You can not send a link to friends on Moshi Monsters. It is a safety feature of the game.
You can not send Rox to other people on Moshi Monsters.
You can open gifts by clicking on the present icon on your room.