One of the last things I did in 2008 was to get my lathe running.
This wasn't just a matter of getting all the pieces to gether and making them fit — it involved cleaning about half the shed just so I would have a place to use the thing. I collected almost a decade's worth of wood scraps and gave them away to a family with a fireplace (I love Freecycle) and vacuumed up sawdust by the gallon. Ten years worth of junk wasn't pretty.
The lathe itself, despite the cobbled-together nature, came together very nicely.
Now that I've got it running, I do realize one egregious oversight: I don't have any woodturning chisels! I got some practice in with a framing chisel, but there were many things about it that were less than ideal — like making a nice gentle curve with something that is inherently square. So now I need to sit down with the catalogs and find myself a good set of tools to use with my newest toy...