If you still have some Christmas gifts to knit, then you are in luck! One of the biggest trends I saw this year was big huge chunky knits. The Gap seems to be the biggest proponent of this fashion trend, although Anthropologie had some notable giant scarves and cowls as well, if memory serves. We're talking about 1, maybe 2 stitches to the inch, tops.
Knitting trends: Giant knits
Fashionable, and quick to knit.
Most of these giant knits were either scarves or cowls. And most of the fashionable ones come in a variety of shades from "ivory" to "taupe." Any color that could be interpreted as a pale shade of gray will do well. I don't know why this was the "it" color for oversized knits, but it works well.
From a design perspective, the lighter color makes each stitch really pop, since you can really see the shading and highlights. It also does great things when paired with a minimally textured stitch, like moss or seed stitch.
Garter stitch looks pretty great in this light, too. But use caution when considering garter stitch. Because this stitch has a tendency to pull up and use more yarn, it can make a bulky knit even bulkier and heavier.
Cables work well at this massive gauge. But you want to keep them simple: a four-stitch cross (hold 2 stitches to the front, knit 2, knit 2 from cable needle) is great. If you start trying to use complicated cables, or cables that twist a lot of yarn over itself, it can cause problems with the kind of yarn that you find at this gauge.
In order to get the right look, you will need to buy a super bulky yarn. (Don't try to get gauge by holding multiple strands of yarn together. You may be able to hit the right gauge, but it won't look the same. You need the minimalism of a single strand of fat yarn to get the right look.)
One of the earliest entrants in this category, and still one of the best, is Jen Geigley's "GAP-Tastic Cowl," which is available as a free Ravelry download. A cowl this size will only take a few hours to knit up in a yarn like Lion Brand Wool-Ease Chunky, Lion Brand Wool-Ease Thick 'N Quick, Malabrigo Yarn Chunky, Plymouth Yarn Baby Alpaca Chunky, Brown Sheep Lamb's Pride Bulky, or any other super bulky yarn.
Needless to say, aside from being fashionable, warm, cuddly and awesome all around, a super bulky knit is also something you can easily whip out between now and Christmas!