Well, technically my first knit was the coffee dishcloth (see here), but this is my 'official' first project for my knitting class.
it took me a few hours for each mitt. 36 stitches on size 6 dpn. 2x2 ribbing. 6 inch wrist, 2 inch back and forth for thumb opening, and 7 rows and bind-off. The instructions were written out by my teacher but I lost them and made it up. They will be a gift to her because she is bringing me sock yarn and sz 2 dpns to start knitting socks, and she'll use them more than I would anyway; the wool itches me something crazy.