I made two lengths of this felt bunting (no-fray => less stitching required) to decorate the church hall for the kids' party. I printed the letters onto paper, then cut the paper and felt together and stitched them on with a straight stitch. Reasonably quick, and we'll use it for years to come.
Next on the agenda are some class Christmas cards (as shown here), and finishing off some Christmas presents. I have a hankering for new clothes for myself though, and Darn Cheap Fabrics has a sale on, so a diversion may be on the cards. In the meantime, I'm going to settle for heading over to Village Voices for more crafty ideas (it's where I first saw the cards too).