Have you checked out the Spring issue of Knitty.com? Out of 18 designs, 4 are for socks. So socks are a big spring/summer project. They are small and easy to carry around. They could get you started on your gift knitting, Christmas is still going to come around before you expect it, again. They might be more colourful if knit in the summer. I know in one of Elizabeth Zimmermann's books she says that it's best to knit mittens in May. There is no hurry for them so you can take your time and make them as fancy as you like. I like that, knit Fancy socks in summer.
Are you knitting socks this summer?