I have my crafty eye on this lopi poncho (afterall, what else does one do with a mountain of authentic Icelandic lopi but make an authentic Icelandic garment), so I had to teach myself stranded colourwork. I did. Thinking a phone sock to match my wallet would be cute, I crafted this little sleeve . . . and then tossed it out. "Major ugly" as my mother would say.

Knitting success: $0, learning how to do some colourwork
Knitting failure: $.57 in wasted yarn