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It would felt, and nicely too, I bet.
What do YOU think I should do with it?
On another topic, when I took the business card of the people at the Wool Tree, I turned over the card later and discovered the coolest thing. They have a stamper apparently that they use on their cards that says, "Knitting Needles I Own" and then five lists horizontally, so you can circle those you have. The categories are DP's, SP's, 16", 24" and 36" and the numbers run according to what is available for those types, 0,1,2,3,4,5,6,7,8,9,10, 10.5, etc. So clever, and easier than a spread sheet by far!!
Tomorrow it's off on another adventure, during which I will be traveling long hours in the car. Darn. I guess I'll have to take the knitting bag with me. :^) And at the end of this voyage is my mother, who I am hoping will be able to teach me how to crochet on the edges of something knitted, so I can make Leonie's cape a little more frilly. And I need to be able to crochet a little rosette (perfect since her mother's maiden name is "Rose").