Decisions, Decisions

It is our choices that show what we truly are,
far more than our abilities.
-J.K. Rowling

As you know, 2008 is my personal Year of Yarn. It's the year I'm knitting the yarn that is too precious to knit, the gifts, the special yarns, the ones that - for whatever reason - I never get to. (And the April yarn was so delightful that the project is finished - photos coming soon!)

Looking ahead, I'm a bit flummoxed with the yarn I have set aside for May. (Actually, I had it set aside for March, but then I couldn't decide what to do, so I changed it all around.)

This is a fingering-to-sportweight alpaca in 2 natural colors - a nice off-white and a rich brown. I believe there is about 4 (or is it 8?) oz of each, so approximately 600-800 yards total? I've had it for a while now, maybe 4 or 5 years, and I met the alpacas on the farm from which they came. I got it as a relatively young knitter and wanted to make something special out of it, but now I can't commit to a project. I'm hoping you can help.

Here are some broad categories I've been thinking of so far. One of the limitations is that I'd like to use them together in a single project if I can.

• Shawl - Shetland Triangle, or some other Evelyn Clark creation? Lovely, but I'm not feeling the lace vibe right now
• Tank/Camisole - this was my original thought, but I'm not sure I have enough yarn, and I don't know how to combine the colors.
• Two-color baby knit - This would have to be another saved for my future children.
• Other two-color stuff - hats, mittens - pretty sure this wouldn't put much of a dent in it, although I have been on a stranded colorwork kick lately.
• Capelet - not sure how much I would wear it, but I could see making something like Ann Budd's Grand Plan capelet (top down - good for unknown quanities of yarn), in the lace version, with the collar and lace panel and button bands one color and the yoke another color.
• Toy - the teddy bear from the IK Holiday edition caught my eye. But is this a "good enough" use for this yarn?
  
• Other thoughts?

Any brilliant ideas? Otherwise, I'm just going to keep moving around my project list. My original plan for May involved a project that's no longer a good candidate for its yarn, so we're readjusting anyway.