I've started on "Letter Have It" from SnB: Nation - I guess it does have a little colorwork, and it's a fast knit so far - I'm about 14 rows in, and have been knitting about 2 hours.
It's a pattern for a felted bowling bag, with an initial in the center. I'm making the larger size.
I have a front-loading washing machine, so felting will be interesting - I may have to try the Boiling Cauldron method - not looking forward digging my hands into a pot of HOT water!