I have a big christmas list too and it's nice to know that i am not the only one overwhelmed with knitting.
My list is as follows:
7 felted bags for my sisters(3 are done)
2 cabled baby cardigans w/zippers (1 is finished, other is OTN)
glove, scarf, and hat set
lionbrand homespun cardigan for stepmother (currently OTN, I altered pattern to make it into a long duster)
Bernat Softee Chunky Weekend Raglan for my father (I have been working on that while i read the threads and waited for pages to load, it's in my lap right now)
Interweave Knits Dickensen Pullover for my mother (my mom wants a big cabled sweater and I have been wanting to work on it soooooo bad but I have told myself I need to finish both of the sweaters OTN first)
I have been working since August, and I have made a lot of stuff so far but i have such a long way to go. If I finish a sweater every two weeks with the bags and baby sweater as side projects (when I need a break) then MAYBE, I can do it. The sweaters are all bulky knits so it shouldnt be THAT hard....
but I have learned my lesson, and next year my christmas knitting will begin in JANUARY.