What Could This Be?

Can you guess what this is the start of? I'll give you a hint. This yarn made it's way to me with the help of a certain dancing rabbit. I think technically the yarn is a boucle yarn. It has a elastic fiber core with cottony thread making up the boucle part. Knit on 3.75 mm needles with 39 rows and 24 stitches per 4" it isn't going to be a fast going project for me.
So far, I'm finding the yarn to be a little rough to knit with, but the finished texture of the fabric is quite nice and soft. It will be a nice garment to wear directly next to the skin.
And, I'm feeling pleased with myself, because I'm knitting yet another project out of yarn that I already have.
Of course, that doesn't mean that I am not considering a few other projects... I am particularly in love with Liberty from the Rowan Classic Cafe book. I love the blending of the stripes with the subtle texture and the wrap design. I'm also quite taken with Marianne from Rowan 37. Anyone out there want to trade 5 skeins of Kidsilk Haze in "Chill" (a discontinued color -- the same color that I made this sweater out of) for 5 skeins of another Kidsilk Haze color? I'm particularly interested in Trance (#582), Heavenly (#592), Dewberry (#600) or Blushes (#583).

Woo hoo! You're getting an early start on your Spring knitting. It's looking very good, T.
What the rabbit said. I've still got one more winter thing to knit before I'm off in the spring direction.
It looks great. There's always a tradeoff with yarn. It looks great and feels great but the knitting's rough. At least it will go fast :)
Spring is in the air. Well done for getting a headstart with spring knitting.
The colour looks gorgeous.
I think this year Rowan have one of the best summer collection ever. Usually I did not like that many of their summer projects. I am in love with Martha from 37. I also like a cardi that uses Cotton Tape. I have enough of that in my stash.
Need more time to knit everything.