We always do some sort of homemade gifts for family and friends (and now for the army of teachers for the boys, LOL!) Last year for MIL I did this quilt
for my MIL. It was really easy, teh pockets were the toughest part and they are heavyweight vinyl, just sewn on with a striaght stitch (use tissue paper over the vinyl so it'll go through the machine easy, then just pull it off afterwards) It's just fat quarters cut in quarters, then sewn into a patchwork, then sew on teh vinyl, layer with batting (I used warm and natural cotton batting cause I have a boatload of it, LOL) and muslin back. I'm pretty sure I got the idea online, so if you do a search for picture quilt you'll find better directions, LOL.
I also love doing snowmen from warm and natural tea dyed batting. I dye the batting (usually a 1/2 yard or so, then I can get 3 or 4 snowmen from it) with tea, about 4-5 teabags to a big pot of water. Let it dry, then use a salad plate to trace a circle (for the bottom of the snowman) and then a coffee tin or something similar size circle for the top of the snowman. Use needle and thread to gather the circle edge, but don't pull closed yet. Stuff with polyfill, then pull the thread tight (I usually triple the thread or use fishine line so it doesn't break when you pull tight) Do the same with the smaller, then sew them together. use embroidery floss to do primitive face details, scarp fleece for a scarf, and if you want use rusted tin wire for arms (or find nice twigs in the yard) I used to have pictures of the snowmen I've made in years past, but can't find them on my harddrive anymore, and my site crashed so they got wiped out from there. Oh, forgot to add, once you pull the bottoms tight, you should cut a circle from teh batting to cover it and whipstitch the circle on (so you don't have any exposed open areas.) You can also weigh the bottom with beans or rice. These are SO cute and everyone always loves them for decorating their house. My MIL has a set of them that she puts on her mantel every year
ETA, I found a pic on a CD
Here's my snowmen
The joy stars are buttons that I threaded onto the tin wire before I poked the wire into the sides
And here's another pic
THe flat guys in this one are the same tea dyed batting, but cut two in teh shape of snowmen, sew (leaving space at top to flip rightside out) We use them as ornaments
Okay, last idea, LOL! A few years back I did quillows for everyone I knew. Basically a simple rectangle of fleece, about 40 x 60, with a square sewn to the bottom cneter of one side (square shold be 18 x 18 or so) you fold the sides in and down then stuff in the square to make a pillow
You can usually get fleece really cheap around now at wal-mart or using the coupon from joann's, and I made at least 5 of these for about $20 total.