This month's challenge will be...
A COLORWORK project!
Colorwork has many outlets. There are 3 ways of incorporating 2 colors in your knitting, besides basic stripes.
Slip Stitch knitting
Many of you might think that Fair Isle and stranded knitting are interchangeable. They really arent. Fair Isle knitting is done with shetland wool, in the round with steeks, using traditional patterns. Stranded knitting is anything that uses 2 colors carried across the row at once. So, in other words, a fair isle project can be stranded, but a stranded project can not necessarily be a Fair Isle. See?
Anyway, stranded knitting takes 2 colors around at once. Intarsia is knitting isolated blocks of color, and slip stitch knitting only uses one color at once, but slips stitches from the previous row to keep those stitches that color.
There are few designs available for free off the internet, but here are a few:
You can find some at www.KnittingPatternCentral.com and on www.WendyJohnson.net, there is a "Fearless Fair Isle" that uses jumperweight shetland wool. There are also a number of stranded hat and sock patterns at KPC and other sites.
Look in the Advanced Techniques tab for videos on Stranded and Intarsia videos, they're very helpful, and even show purling with stranding, which I wouldn't dream of, it's very awkward.
I'm sorry to say that I won't be joining in on this one. I have so many other things to work on, like Christmas presents. But, you might use this challenge to knit gifts for whatever holiday you celebrate!