Oh, yeah... Ingrid's post reminded me about a footnote I forgot. I'm currently working to put myself through university, so my yarn budget isn't nearly as large as I'd like... neither is my yarn stash or my list of delicious yarns that have been made into useful items. Assuming that you have more available money to spend on yarn than I do, you definitely want to go with quality over low prices. Especially when knitting for others. I bit the bullet and bought ~$70 (Canadian) of yarn for my boyfriend's sweater last Christmas, and I haven't regretted it. It's held up wonderfully through repeated washing and wearing, but I can't afford such gorgeous yarn for every project I take on. Someday, though...
Just because I'm easily distracted doesn't mean I