I was thinking the same thing today ! We have to make something also, our party is the first Sunday in Dec.
I an going to make a table runner. They make purses but I can't do that for some reason I stink at that. You could make an ornament, tote bag . Ours don't have to be quilty either. They have made knitted scarfs ,jewelry, and one year I got a set of placemats . have fun. Advice, Don't put to much into it.