Ok. I had to look up chenille. (I know more about fancy stitching than types of yarn/fiber). If I had something like that, I might make it into a thin scarf or try knitting it very tightly (maybe even on a loom) to make a hat. For the scarf you could probably use relatively large needles and make it very light.
If wrist-warmers are your style, and you're ready to work in the round, that would work, too.
Free advice: Learn to purl soon; that will seriously open up your options.