A related phrase I haven't seen but should exist is On the Wires for projects that are in the blocking phase of knitting. Blocking is a recent discovery for me (because I am lazy, lazy, lazy), but it really can make a difference in how the final product appears. It's an opportunity to massage the knitted object into a pleasing shape, open up interesting stitchwork, and smooth out the occasional oddity in tension or technique.
Even though I only recently discovered the Magic of Blocking, as a convert, nearly everything I knit goes from On the Needles (OTN) to On the (blocking) Wires (OTW).
