I'll say this up front, I have always found the idea of Black Friday shopping very unappealing. Each year I make a point of staying home, eating Thanksgiving leftovers, and enjoying time with my family. Of course this means that I'm also usually knitting on Black Friday. So Beverly's Craft Friday is right up my alley. Beverly is much more eloquent than I am, so go visit her blog to learn more. She's also written several posts with ideas and inspiration.
One of my favorite last minute holiday gift knits are mittens -- I've got two pairs on my needles right now. There's still time to crank out several pairs, and most knitters already have enough yarn in their stash for a pair or two. And if you don't you can always stop by your LYS while you're running your last minute Thanksgiving errands, and buy a few skeins, because supporting small businesses is always a good thing.
To help get you get prepared for Craft Friday (and beyond), I've put all of my mitten (and mitt) patterns on sale for 50% off. Head over to Ravelry and stock up. There's no need for a coupon code. Just put the mittens in your cart, the discount will be taken at checkout. The sale lasts til Sunday 11/30, so you can celebrate Craft Friday, and Craft Saturday, and Craft Sunday.