What do you do with left-over?

So recently I've begun knitting quite a bit. The reason for this is my apartment-mate knit's up a ton and she's the president of Knitter's anonymous at our school. Not only is this a great chance for me to catch up on my knitting but having the group gives me access to different designs that I wouldn't have considered before. And as for the handle of rum? Well what's knitting without a few drinks and a few good laughs along the way. I'll use this blog to keep an update on my projects, thus far : 1 hot pink and black wrist warmer (prototype)
1 hot pink square (12 by 12) use for rainbow blanket
1 blue square (12 by 12) use for blue blanket
1 black and pink and gray striped tasseled hat (also prototype)

wish me luck