Beaded Flower Earring in Tatting
Although the picture is lousy (very typical of the vintage Workbaskets), it does look to have the potential of being a unique and interesting accessory. Of course, you'll need to change the screw-backs to some posts. I'd think you should be able to cluster a couple of these together and form a brooch as well.
Make a set for yourself. If they turn out well, make them up for your friends .... after all, Christmas is coming.
P.S. -- Update on 1/12/2012. This pattern was obviously quite popular in it's time. I found it reprinted in the April 1953 issue with nothing but the cover picture changed .... same pattern just three months apart.
Thanks for dropping by,