I predict you will be knitting many more sweaters from this pattern. This "five hour sweater" is one of the most popular in use by baby charity knitters, as it is a wonderful basic pattern that knits up rather quickly using a small amount of yarn, ends up fitting beautifully and looking adorable on any baby (boy or girl) that is lucky enough to wear it. Add a basic stocking cap and your favorite booties and you've got a darling "set" to gift. This pattern is easy, too, to adjust size by yarn thickness, needle size, or number of increases through the yoke.
Hints: You can also use a contrasting color on the neck, cuffs and hem or leave out the pattern and simply do a basic stockinette pattern throughout--then create stripes with two-row repeats of two different colors (yoke only or entire sweater) Try it!! Here is another link to the basic pattern, which also includes additional pieces and ideas.