STASH! a ufo is an unfinished item- a project that you started & for what ever reason set aside perhaps with no desire to ever finish- a wip is a 'work in progress' that one may be set aside for the moment- but you still work on it- or plan to - maybe need to pick something up for-
to me the ufo's are the ones that i may want to finish-but may never- ones that for what ever reason i gave up on= or lost interest in- it is not being worked on- if i pull it out & do start it again- it happily moves from the ufo box to the wip box- oh happy day! quite often i (share) my ufo's---send them off with someone who can see an end- where i can not....I do have one that is over 10 years old- that i have so much money wrapped up in- i haven't been able to give it away- but i also have not been able to work on it either...will probably be a gazillion pieces in a box when i die...for someone else to deal with...ufo's....
my goal this year is to not create any ufo's!!!