I just finished my first big knitted project besides washcloths-- socks. They're a gorgeous green/blue Knit Picks Gloss yarn in the Kenai colorway. I decided to for for a simple sock and try Silver's Toe-Up Sock on Two Circular Needles pattern. It's a great tutorial, especially for an adventurous newbie such as myself. :) It's well explained and has pictures, which for me is great. If you're uncertain about knitting socks, this is a great place to start.
Now the question is-- What sock pattern do I want to try next?