So now that I've grown a little wiser, I waited for the right unraveling sweater to jump out at me, and it just so happens this purple number was the one. No surged seams, no felting of the fibers (it's 100% acrylic. I have yet to try and unravel a wool sweater), and oh, what a lovely color!
Milo vests for Hannah and her dolly were my choice. Within 30 minutes of unraveling this sweater, I had already cast on for something new and exciting. :)
matching one for the beautiful doll she's getting for Christmas (more on that later). I better get to work!