Fingerless gloves to fill that gap between bare hands and all-out glovedness (and be usable for winter photography). I'm using sock yarn, which is fantastic to work with.
A Christmas present scarf. The recipient picked out the yarn, so I'm not spoiling anything by posting this picture, but the pattern itself is a surprise. I have to put in a plug for the yarn (Berroco Comfort), which is the nicest acrylic I've ever used.
A lace-patterned sweater (for myself!). The pattern is really easy, but it's been put aside for now in favor of gift knitting.
So, what are you working now, for yourself or as gifts? Post in the comments below (feel free to link to a post on your own blog or a ravelry page). I can't wait to see what you're making!