I've spun the first yarn from my Christmas fleece. 150 yards of luscious, soft, squishy, springy, stretchy two-ply. This is really nice wool.
The process involves washing the raw wool (VERY gently, so as not to felt it); combing the washed locks with wool combs into what's called top, or roving; and then spinning two bobbinfuls of singles yarn, which are then plied together into a two-ply yarn.
And I've literally only scratched the surface of that bag of wool. I have 99% of the fleece still to process. I'm so excited!