This is the one area of my academic life that I actually feel on top of. Knowing that I was going to have an absolutely insane Spring semester, I worked like mad over Winter Break and had my first draft of my thesis ready to go on day one of the semester. My director is in the process of transitioning to be the new chair, so he really appreciated having the extra time to review drafts. I'm currently working on draft #3 and hopefully will be able to get a couple more done before it's due in the middle of April.
What I'm doing is analyzing the tarot reading in The Waste Land through a cultural studies perspective. I'm arguing that Madame Sosostris's reading is the "Western" reading, the one that Eliot didn't intend to be the true one, and that there is a secondary, "Eastern" reading spread out through images in the remainder of the poem (the "one-eyed merchant," a/k/a the Six of Pentacles, is shown through the figure of Mr. Eugenides, for example). I've been very pleased with how it's coming along, which is certainly more than I can say for my application results.