Here's my latest hat and scarf set which I think proves what can be made from value yarn. To be exact it is "Wonder Knit" from Poundstretcher. This is a double knit yarn that comes in various shades and is supposed to make a pattern of flowers. Simple maths tells me that the pattern on the yarn label photograph must require a quite specific number of stitches per row. Sadly, that information was missing on the label and my number of stitches wasn't quite right. But the pattern is still pretty. This is also a lovely soft yarn to work with and it seems to go a long way, so I can recommend it.
The hat pattern I used is the Two By Two Basic Beanie here on Ravelry. This is going to be a very useful pattern to me as it comes is a range of sizes from baby to large adult. It is seam-free and has a neat crown. As it is such a simple design, lots of knitters jazz it up with bright colours and stripes.
The next photo shows the scarf better. I didn't follow a pattern for this. Instead, I simply cast on 36 stitches and knitted the feather and fan stitch until I ran out of yarn. It took a whole 100g and is long enough to wrap around the neck twice.
I couldn't resist taking the next photo. It shows the red paper clips that I use as stitch markers. I actually rescued these after my daughter threw them away. Waste not, want not. I needed markers when I was decreasing the crown of the hat. I simply slipped on a paperclip at appropriate times and used 2 paperclips to show the end of the round. Perfect.
***PS: for anyone looking for my "Grow Your Blog" post, here is the LINK.***