Last Thursday I started making this blanket from a free online pattern (except mine is 50% larger and different colors). It's been fun- something interesting without having to branch out of my comfort zone of knitting rectangles.
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I also just ordered some pretty teal boucle yarn to make a shawl for Mom. Shawls are good for sad moms, you know. Kind of like a hug you can keep on your armchair.
Also, if you like knitting, you'll be interested in knowing about a new website someone showed me: KnitPicks. Looks like high quality yarn for much, much less money.