Gift idea #3.
This is a nicely knit up holiday ornament. This is done in fair isle or stranded knitting with two or more different colors. If you are looking for a more traditional ornament, this is it. Directions are given in both chart form as well written out. I think it would be great with a styrofoam ball in the middle, knitting the two halves separately and then sewing them together. I haven’t tried this yet, but that would be my idea.
http://www.straw.com/cpy/patterns2/accessories/Merino5-Ornament.html