Here's a new item for my wish list, the EvenKnit Sock Loom from DecorAccents Looms. Isela and her husband developed this item to please loom sock knitters–you can make socks for your entire family on this loom instead of purchasing different sizes for little feet or big feet. Also, instead of the e-wrap, this loom uses a zig-zag method. Instead of wrapping each peg, you simply weave the yarn in front of the pegs and behind the pins, then knit off! Super knifty! (Here's her .PDF instructions. Knowing Isela, a video tutorial isn't far off.)
I think at over $90, this may be a future Christmas gift and not just a little splurge. However, I must say that the DA Looms are lovely, well-made, and something a future loom knitter will be ecstatic to find in a treasure box 100 years from now, so the price is worth it, but with my budget, it does rank as a "super special" gift.
Besides, my one try at using a sock loom was pretty disastrous. I started out with my lovely EFG DA Oval Sock Loom, but didn't get past the toe. It seems that my eyes and very close, tiny knitting don't get along, and as a result the loom has been gathering dust for over a year. I've often considered swapping it with someone who owns a FG sock loom to see if a larger gauge would keep me interested. It's possible I'm simply not a sock knitter; but with an entire skein of bamboo sock yarn waiting for a purpose in life, I feel compelled to try again.