I'm in the running. I have tote after tote of yarn in the basement. There's an ottoman by my husband's chair that's filled with yarn. Another tote in the living room closet. And the ever-present basket of scrap yarn by my chair.
I was making progress on the basket above, so I went down to the totes in the basement to restock. This is what I found:
In the past week, I've come up with two favorite patterns that work up quickly and use up scrap yarn!
The first one is what I call "Scrapper Hats". They use up about 2 ounces of yarn per hat and size 13 needles (circular and double-pointed).
Cast on 48 stitches on circular needle. Connect and work in K2, P1 ribbing for 20-24 rows (depending on how much yarn you have and how long you want the hat).
Row 1 of decreases: K2 together, P 1 around
Row 2 of decreases: K2 together
Cut yarn, leaving a 4-6" tail. Pull tail through remaining stitches and draw tight. Tie off. Add pom-pom to top of hat. I love my pom-pom makers (pictured below)
Here are some of the hats I've made using this pattern:
I cast on 77 stitches and knit in a K3, P3 pattern. Since 77 is one less than a multiple of 3, the rib gets shifted over one stitch each row, and makes a slanted rib pattern.
Basically, I just keep on knitting, not really keeping track of the beginning of rows. When it looked like my yarn was running out, I started to cast off. (Confession time... in the red/gray scarf I'm wearing below, I ran out of gray yarn while casting off, so the last six stitches are red yarn only.) With the big needles, the 77 stitches makes a scarf about 48" around. With the size 13 needles (pink scarf), it came out to 38". I just got a set of size 15 knitting needles, might try a few scarves with those, too!