I didn't finish this in time for Christmas 2009, but it will be ready for *next* Christmas! It's done except for weaving in the ends. I think I'll have my mother line it for me (I can't sew).
If you're on Ravelry, you can read about it here http://www.ravelry.com/projects/Ronda/fireside-stocking
If you're not on Ravelry, I used Muench Touch Me in purple. The pattern is Fireside Stocking
by Kate Gilbert. The pattern is actually much more complicated and beautiful.
I used just 2 colors of yarn instead. I'm not quite ready to do the original pattern.