More Yarn

This beautifully soft stuff is Trendsetter's Scoubidu, again in the ocean colorway. Perhaps I'm not really obsessed with knitting, but merely with the ocean colors - do you see the theme here? Anyway, this is a 50% cotton/50% acrylic, 95 yards/50 grams per skein. I have 4 skeins.

What the heck should I do with it? I had to have it. I love touching it, looking at it, smelling it. But I don't know what it wants to be. Any suggestions?