It was close, but I made it! My sister got a finished Positano Tote under the tree. She did see it ahead of time, though, because we were snowbound together at my house. I finished it the morning of the 23rd, right before we packed up to make the long trek to our parents' house.
Pattern: Interweave Knits Winter 2008 Positano Tote
Yarn: Wool of the Andes
Needles: US 7 24" circular
and US 5 DPNs