MATERIALS:
Main color: 1 ball Rowan Classic Yarns Soft Lux in color #002 Powder
Main color: 1 ball Lana Gato Baby Soft in color #4670
Bobble color: 1 ball Sirdar Tango in color #150 (*I used Tango, but it may be discontinued. Any ol' DK from your stash will work)
24" length of ribbon
1 set 10.5 US double pointed needles
There will be enough yarn for 1 bottle cozy and at least 2 stem warmers

SPECIAL INSTRUCTIONS:
MB will be used as the abbreviation for Make Bobble. When you see MB in the pattern, do this:
Change to your Bobble yarn (hold 2 strands together), knit into the next stitch 3 times (front, back, front), turn, purl 3, turn, knit 3, turn, slip 1, k2tog, psso, turn, change back to main color and knit the 1 bobble stitch you have remaining. Then continue in pattern.

WINE BOTTLE COZY:
Knit in the round, bottom to top
Finished size: Approximately 9.5" around, 11" tall (fits regular 750ml wine bottle)

Holding one strand of Soft Lux and one strand of Baby Soft, CO 27 sts and join in the round
Rounds 1-3: Purl
Rounds 4-5: Knit
Round 6: *k2, MB, repeat from *
Rounds 7-8: Knit
Rounds 9-11: Purl
Rounds 12-21: K2, P1 ribbing
Rounds 22-24: Purl
Rounds 25-26: Knit
Round 27: *k2, MB, repeat from *
Rounds 28-29: Knit
Rounds 30-32: Purl
Rounds 33-42: K2, P1 ribbing
Rounds 43-45: Purl
Rounds 46-47: Knit
Round 48: *k2, MB, repeat from *
Rounds 49-50: Knit
Rounds 51-53: Purl
Rounds 54-55: *k2, p1, repeat from *
Round 56: k2, *yo twice, k2tog, k1, repeat from * until 1 st left in round, p1
Round 57: *k2, purl 1st yo, let 2nd yo drop off needle, repeat from * until 3 sts remain, k2, p1
Rounds 58-59: *k2, p1, repeat from *
Round 60: Bind off in pattern LOOSELY
The yo's will have created holes at the top for your ribbon to weave through. There should be a hole in the purled part of every rib except one; this is where your bow should sit.

BOTTOM:
Pick up 27 sts along the bottom
*k2tog, k1, repeat from * until 8 sts remain Cut off yarn, leaving a long tail
Using a needle, run yarn tail through remaining 8 sts and gather tightly

There are lots of other great color schemes you could make this with. I chose my yarn & ribbon color to match the white foil on the wine bottle. I also doubled up on the ribbon to make the bow more full:




STEM WARMER:
Knit flat, bobbles act as buttons
Finished size: Approximately 5.25" wide and 4" tall.
*To fit glasses with taller stems, add an equal number of rows to the ribbing above and below the middle bobble (Around rows 9-10 and 12-13)

Holding one strand of Soft Lux and one strand of Baby Soft, CO 20 sts
Row 1: Purl
Row 2: Decrease 4 sts evenly across the row (16 sts left)
Rows 3-4: Purl
Row 5: k1, MB, k11, k2tog, yo, k1
Rows 6-7: Purl
Row 8: Knit
Row 9: k3, *p1, k2, repeat from * until 3 sts remain, k3
Row 10: p3, *k1, p2, repeat from * until 3 sts remain, p3
Row 11: k1, MB, k1, *p1, k2, repeat from * until 3 sts remain, k2tog, yo, k1
Row 12: p3, *k1, p2, repeat from * until 3 sts remain, p3
Row 13: k3, *p1, k2, repeat from * until 3 sts remain, k3
Row 14: Knit
Rows 15-16: Purl
Row 17: k1, MB, k until 3 sts remain, k2tog, yo, k1
Rows 18-19: Purl
Row 20: Knit, increase 4 sts evenly across the row (20 sts)
Row 21: Purl
Row 22: BO all sts