Our sewing group made Magic Stockings for charity one year. They are very easy and easy to mass produce. We used the same basic instructions as Krisb posted. Make sure you snip the fabric by the curves to make everything smooth after you turn it.

Thanks Krisb! This is it :) Looks easy enough even for me. Also really like your quote.

I made 4 elf stockings last year for DD's family. The only thing I did not do is make the pointy cuff -- I fully lined it and used an iron on stabilizer since I wanted to keep the toes from flopping. Here is the link to my stockings:
http://www.quiltingboard.com/picture...s-t284626.html