- 1 - put your knitting down and go get drink of your choice. my personal favorites: beer with squeeze of lime, white wine or a hot toddy (with plenty of liquor!).
2 - take a deep breath and sip or gulp as you see fit. feel free to get another drink as you deem necessary and appropriate.
3 - take more deep breaths. deep, cleasing breaths. for a while just focus on your breathing. don't even -think- about knitting. you'll feel better i promise.
4 - pick up your knitting again when you're calmer and more
5 - "rip it baby, rip it right ... (let it rip) ... rip it baby, rip it all night ..." make sure you dance and sing while ripping!! :-)
of course ripping may not be the best solution in every case, but if you ever -do- need to rip, don't agonize over it, and don't cry about it. follow my program and re-knit as soon as possible. you'll catch up quicker'n you think and you'll be well on your way to an FO!