Recently, my younger daughter picked a few balls of Patons Lace, and is really loving it. She got a ball in Midas to make something for her sister. After going through a bunch of books we had on hand, she chose a pattern from Doris Chan's Amazing Crochet Lace.
The pattern is called Plum Blossum Capelet, which actually calls for a much heavier weight yarn. To do it using the Paton's Lace, my daughter ended up using a 7.00 mm hook to get the guage right. She also skipped the last round of the body, which was supposed to include beads. Her sister wanted to add beads herself later on.
Here is a front view of how it turned out. (click on the image to go to my flickr page for larger views)
It is SO light! My girls are both really happy with how it looks.
The design elements aren't as defined as in the pattern photo with the heavier yarn, but they're quite happy with that. Here's a closer view...
... and a bead detail.
With such a light yarn, the beads are really necessary to add a bit of weight.
My older daughter thinks it's just awesome!
Now my daughter is working on a hat for herself, using some Patons Lace in Bonfire.