I decided to knit up some stockings so that for Christmas my friends would receive a stocking with their stocking stuffers.
I found this pattern in the free pattern website. The link is http://people.delphiforums.com/knit_chat/knitchat/patterns/stocking1.htm. I increased the pattern to two times the size, and I added K2/P2 Ribbing to the top. The finished stocking is about 10" long. I also added little ornaments at the top and purled a christmas tree in the body of the stocking. It's a two needle stocking with the heel done with short rows. It knits up super fast and requires about 150gm for the main color. I have been working through my left over yarn from last years scarves.
I think they will be fun Christmas presents.