Round or Pinwheel Baby Blanket
NOTE: The Knitlist version of this pattern is still available through the generosity of the Internet Archive--the Wayback Machine.
This versatile baby blanket can be knit with any weight yarn using the needles appropriate for that yarn.
Notes from designer, Genia Planck:
You can add fringes or tassels or even pom-poms. Or, for those handy with a crochet hook, you can crochet a bit of a lace edge around.
You can also knit in stripes, and on the even rows, throw in some purl stitches for a bit of texture. It also works well with a variegated yarn.