Pete Wentz shopping ashlee simpson fall out boy

Pete Wentz has plenty to smile about -- he's got a beautiful son, a model rebound girlfriend and he even seems to be on good terms with his ex-wife, Ashlee Simpson.

Yesterday we spotted the Fall Out Boy rocker shopping in Beverly Hills, and in case you're wondering where his lady love Meagan Camper was, it seems like he was doing a little Christmas shopping for her! So what was he looking for, exactly? Click after the jump to find out!