If you only have one skein that will be limiting. Those type of yarns tend to hide the stitches so you won't want to do anything fancy, but I would think you could make a nice hat or scarf with it though.
Okay, I looked up the yarn on ravelry to see what people were making with it. Looks like mostly wrist warmers, fingerless mitts, hats and scarves. Is it the thick and quick or is it worsted weight?
ETA: On the Lion Chenille Prints page on Rav it says it's not recommended for knitting.
I'm not sure why.