My 2 year old daughter started Playschool and I decided to make her a bag to use for her extra nappy and clothes etc.
I used Funky fur for the body and Sirdar wash'n'wear for the face. the pattern is in one of my knitting magazines and was a complete pain to do. every bit was knit separately and then sewn together. I would definitely do it in the round if I made it again.
Here is a couple of photo's am quite pleased with the end result.
http://www.flickr.com/photos/23550281@N05/2574913989