But don't panic! You can still put together some really sweet hand-knit gifts, especially if you keep them small and simple. And if they can be made with stash yarn—saving you a trip to the store—so much the better.
My Squash Blossom Bookmark, a longtime Blue Peninsula favorite, can be made in an evening from leftover sock yarn. To turn it into a lariat necklace or bracelet, just knit the I-cord longer and then tie.
Pattern: Squash Blossom Bookmark, by Bonnie Sennott
Yarn: 25-50 yards of two colors of fingering weight yarn. Sample was knit in Knit Picks Essential Kettle Dyed Sock Yarn.
Needles: US 1-1/2/2.50mm dpns
This quick and easy pattern is available in my Ravelry, Etsy, and Craftsy shops.
You can make these bookmarks in any colors you have on hand. My friend MJ knit up a colorful bouquet of them to take as gifts for friends on a trip to London.
If you're into armchair traveling, you'll enjoy MJ's blog, Trailer Full of Tunes, where she recounts her jaunts around London and elsewhere. She's also an enthusiastic yarn bomber; check out her Flickr Yarnbombing Set to see what she's been up to.
Like MJ, you can easily add leaves to these bookmarks, and I've got a free pattern to help you out with that—my Mountain Laurel Leaf can be found here or downloaded as a PDF on Ravelry. Like the Squash Blossom, the Mountain Laurel Leaf knits up quickly and uses only a small amount of sock yarn. Make two, sew them to wires, and you've got a lovely pair of earrings:
I wish you all the best with your last-minute holiday crafting!