I couldn't wait to wash and whack my new yarn, wait for it to dry, and knit it. Indeed, I rolled it into a ball and dreamed of various things I could do with it. I consulted Barbara Walker. I swatched a little.

And then I decided that, at least for now, it belongs only in that yarn state of purest potential -- the hank. I can see everything that's going on in the yarn; it's integrity hasn't been diminished by the act of knitting it into the wrong thing. So I ripped out my swatch, unwound the ball, and put it back into it's ideal state.