Thanks a ton everyone! Especially for the pictures of the end results. I'm so excited.
I also took Lisa's advice and ordered some wool of the andes. I can't wait until it gets here. :D Thanks for the suggestion.
I tried a little sample tote last night and threw it in the wash a couple of times. It looks ok considering I really don't know what I'm doing.
When I finish it up I'll post a picture of it. I just went to my LYS and picked up a couple different types of wool yarn to try. They didn't have a large selection so I didn't have much to pick from.
Here's a question for you guys. If the yarn I picked up is 68% wool, do you think it would felt ok? I figured it wouldn't be as nice as 100% but it may work ok. If not, oh well.
Thanks again everybody & Happy New Year!