Here it is, my first completed knit project. It's the Coronet hat from the Knitty.com web site.
I was worried that I wouldn't have enough yarn, so I decided to add a black band just to be on the safe side. I couldn't leave well enough alone, though, so I had to add a pattern in there.
It turned out to be about 3" too long due to my poor memory (what, check the pattern? Why do that??) but I was able to shorten it under the band. I would've had enough of the red yarn if I'd followed directions....
Coronet hat from the Knitty.com site, with black band designed by me!