I only knit one Christmas gift this year, because this one was so much work!My mom had no idea it was coming though and was totally surprised when she opened it.

Katherine Hepburn Cardigan by Kathy Zimmerman, published in Lace Style.
Knitpicks Shine Sport in Harbour on 2.75 mm needles.
It took almost 4 months of fairly monogamous knitting and there was a lot of finishing, but it turned out really well.