What should I make?
The Hemlock Ring Blanket pictured here: http://brooklyntweed.blogspot.com/2007/08/hemlock-ring-blanket.html
The hexagon-themed blanket pictured here: http://www.flickr.com/photos/51145300@N00/578460492
None of the above
Edit: Those links didn't work very well, did they? Let's try that again: Hemlock Ring Blanket vs. hexagon blanket
I would probably have to buy some yarn for either of these (although I do have 4 1/2 skeins of Berocco suede left over from the snapping turtle skirt that I could use for the second item). I've never really made a lace pattern before, but that could be a reason to try out pattern #1 or a reason to avoid it for now.
It occurs to me that I haven't made a posting about knitting projects in a while (blame Ravelry). I'll try to make up for that soon.