The yarn is Zen Yarn Garden Serenity Worsted, one of my absolute favorite yarns to knit with, the color is Carnival. I am glad that I waited because I really couldn't decide what color to pick, and by waiting that decision was made for me and I am really happy with the colors in this yarn.
Pattern: Mariposa Tee by Michelle Miller
Yarn: Zen Yarn Garden Serenity Worsted in Carnival
Needles: US 8 (5 mm)