This lacy ladies' cravat uses only a small amount of yarn and knits up fast--great for an inexpensive gift in a hurry. Use bamboo or a bamboo-silk blend for subtle luster and a lovely drape. (In the interest of full disclosure, the prototype used a merino/tencel blend I handspun.)
As you can see, this little accessory instantly dresses up a plain-jane outfit.
I've added hyperlinks to the PDF instructions, so if you have Acrobat Reader 6 or more recent, you'll be able to view a couple of helpful video tutorials.
Best for advanced beginners or intermediate knitters.