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Receiving a game gift is no problem and will not keep him from playing the game in any way, including multiplayer.
If you gift a game to someone, it will count toward the $5 on your account, not the friend's account.
The $5 isn't really a "fee", it's a minimum spending level -- once you buy games totalling more than $5 or add $5 to your steam wallet, your account will be unlimited.
One way to easily unlimit your account is go here and add $5 to your wallet, then spend it on whatever you want.
https://store.steampowered.com/steamaccount/addfunds