Let's knit a cup cozy for our fancy coffee drinks at one of those high falutin' shops. Make everyone jealous of your amazing skill, intelligence, and concern for the world. ;)
The free pattern is by Bernat Yarns: http://www.bernat.com/pattern.php?PID=5901

To make your job much easier, you can watch these very detailed how-to videos. I won't tell anyone that you didn't figure it all out by yourself.
Here are all the videos for making the Sock Cup Cozy:
Materials: http://www.youtube.com/watch?v=cQoGhIP6Hnc
Casting On: http://www.youtube.com/watch?v=agJxHXDQtzw
1st & 2nd Rounds: http://www.youtube.com/watch?v=lMibrAhHq6s
Quick Tips: http://www.youtube.com/watch?v=07NAkf-Sb_8
Changing Colors: http://www.youtube.com/watch?v=1_GuK2Bfe3w
2nd Color Change: http://www.youtube.com/watch?v=qDAX5-4apH0
Binding Off "In Pattern": http://www.youtube.com/watch?v=k3IH-Nl4VfE
Weaving in Ends: http://www.youtube.com/watch?v=igbX9A9dAEE