It may be a little too late to make for this holiday season (I don't yet crochet, so I don't know), but this long hostess skirt was too cool not to show you when I found it -- and there's always Valentine's Day!
Found in my copy of the first issue of Good Housekeeping Needlecraft magazine (Fall-Winter, 1968-1969), the text (not shown in the scan) reads:
The hostess skirt of the year! An original GHN design, this long skirt is so marvelous for entertaining at home. It is quickly made in a crocheted basket stitch that falls gracefully into pleat-like folds.Of course, you'll need to find yourself a slip for this one.