I had a big bag of recycled yarn from a granny sweater I bought at a secondhand store.http://www.flickr.com/photos/lizrincon/515108115/
I chose to knit my first sweater, the Caftan Pullover from Interweave Knits Spring 2006 issue.
I haven't seen many photographs of this knitting project. Honestly though, think about choosing a yarn you like that matches the gauge and that you like how it drapes, and knit along!
I really like how the yarn, even though it was marbled, made the motif pop. I knit the sleeves two at a time on a circular needle, and it helped me to keep them even.
I knit the smallest size, but now I'm noticing that the neckline pulls back, and the front panel sort of climbs upwards.
But all in all, I am pretty satisfied!