I love Patons Classic Merino-- I always have loads of it on hand. It knits up well, and also felts well if you want it to!
Eloewien on Ravelry
My Blog: www.dragonwingarts.com
For mom: Celtic Knotwork sweater
For me: Rogue, shawl of my own design
For friends: Foliage hat, dragonscale wristwarmers