Do you think it is possible (I asked this down on the Spinning forum but thought it might get more input up here) to Koolaid dye AND felt this, or would the lanolin in it prevent it from doing either felting or dyeing as well? It does say hand wash, dry flat.
http://cache.lionbrand.com/yarns/fisher.htm
It’s a pretty big skein, and I have a 40% off Joann’s coupon, so it would be reasonably inexpensive.
I also got a skein of Bernat Lana in neutral to possibly try dyeing and felting (and it DOES specifically say it felts), but the felted lambs are SO tempting also, but I couldn’t find anything in black for the faces.