Although I was undecided about this yarn at first, I finally chose to create this diagonal garter stitch blanket pattern and was fairly satisfied with the result. If you're looking for a really easy pattern that you can have a glass of wine and watch TV while you work, this is the blanket for you.
I used the pattern from the Lion Brand website here.
I used larger needles, at US 10.5, and only had 4 balls of yarn total. It's easy to make this bigger or smaller... once you get halfway through your yarn, make sure you have a multiple of 4 stitches on the needles (I think) and start the decrease row till the end.
The pattern is as follows:
Cast on 5 sts.
Row 1: Knit.
Row 2: K3, yo, k2.
Row 3: K3, yo, k3.
Row 4: K3, yo, k to end of row.
Rep last row until you have 144 sts on needle.
Next (decrease) row: K2, k2tog, yo, k2tog, k to end of row.
Rep last row until 5 sts remain. Bind off.
Weave in ends.