Rather exotic, but interesting and certainly groovy. A very old wooden dining chair was given 3 coats of bright lime green paint, then re-upholstered with Swedish decor fabric in a bold, dramatic pattern.
Another way to use small amounts of wool is to create some stripey legwarmers, knitted in 8 ply. Starting at the ankle, cast on 42 stitches with 4.00mm needles - working a single rib band, then change to 4.50mm needles. Increase each end on every 6th row, until a width is reached that corresponds to the measurement of the thigh, or however long you want them to be. Change back to smaller needles to finish with a 3.5cm (1 1/2") band at the top.
There's a lot of ending off to do, but don't hurry and it will be done in no time. :)
p.s. 42 stitches is enough to fit over a slim foot. You can start with any amount, to fit over foot and heel - slightly stretched.