Knit From Your Stash 2007 is a great/challenging idea from Wendy of Wendy Knits.
The goal is to only knit with yarn you already own - for the next year. Remember the 1200 yards of worsted weight merino wool you bought 2 years ago to make that perfect poncho? Now, you know ponchos are not coming back into style for another 25 years, but the yarn is great, so look through your bookshelf full of knitting patterns (note:knitting books are not included in the diet, thank goodness) and find a sweater to knit!
If you don't think you have enough yarn hidden away to keep your needles clicking for a year :
1. You just started knitting yesterday.
2. You have serious rationalization issues.
3. You need to inventory your stash.
4. Your significant other is hiding your yarn in an attempt to make you think you are going insane!
Merry Christmas everyone!. I hope you get to spend time with your family and friends and experience the love you deserve.