The Shift by Andrea Mowry is a great FALL must have; it makes a great gift too. When knitting in Ultra Alpaca Light you get the benefits of both wool and alpaca. Plus you get to see the pretty slipped stitches. This is a great beginner project with enough interest to keep a more experienced knitter engaged.
Medium (enough yarn to make the cowl as written) - 3 skeins of Ultra Alpaca Light, 144 yds each, $35.99
Large (extra yarn to make a more generous cowl)- 6 skeins of Ultra Alpaca Light, 2 skeins of each color, 144 yds each, 56.99