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What we used to call novelty yarns are now referred to as fashion yarns. Well, I don't see how you could call this yarn anything but novelty. It's about as playful as any yarn I've ever seen. From Pagewood Farms U-Knitted Nations, it's called Giant Purls.
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Here it is in the skein.
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And here it is in a ball. Wound by hand, very carefully. This is pretty close to the actual color of the yarn.
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This was an easy Sunday afternoon knit. Maybe a couple of hours once I got it into a ball.
Trust me. I've already heard all the witticisms about knitting with balls.