The smalls exchange is an annual event at my guild and is a lot of fun. Participation is voluntary and even if someone doesn't bring a stitched piece, she can still ooh and aah over what others have done. We've expanded the event a bit in the last year or two to include appetizers and desserts (which reminds me that I signed up to bring a dessert and we're going out to dinner the night bfore--guess I'll have to plan ahead!).
After the meeting, I'm planning to meet a friend so we can see the embroidery exhibit at Winterthur in Delaware. Should be a fun stitching day!