Friends of yours popping out sproggen? Baby quilts are easy to make and have a more personal touch than the usual gift certificate to Sears.
They also don't take very long to assemble, once you sit down and actually get to work. Much quicker to make than the damn afghan I've been crocheting for the past three years now. I'm telling you, once that thing's done, I'll issue commemorative stamps or something.
For more info on making baby quilts, try Quilts for Baby: Easy as ABC (ignore the cutesy title). A very beginner-friendly book.