The second finished project is the Mermaid's Tail Evening Bag from Exquisite Little Knits by Iris Schreier and Laurie Kimmelstiel. I made it for Knit the Classics -- it is my Belinda Project. I used ribbon yarns from my stash. It is pretty and since it is knit in ribbon on size 3.5 needles, it is substantial enough to hold a pencil without it slipping through the knitting.
I also did some more work on my Bartholomew's Tantalizing Socks and am planning my next project -- Sally Melville's Best-friend Jacket in a Blue Lopi.