So I went into my LYS the other day, and the owner gave me an interesting challenge. She had gotten a shipment of Cascade "Fixation" yarn and had NO IDEA what to do with it.
For those who have never seen it, it's a cotton/elastic blend that acts like a rubber band.
After mulling over it I managed to come up with this:
It's a toothbrush holder! It holds my toothbrush!
It used one ball of the yarn, and it completely ignores the elastic part of the cotton!