Verticies to New Object

Is it possible to make a group of verticies into a new object?
For example:

I want to make the top hand, which I duplicated and re-shaped from the bottom hand, a different object than the actual hand, so that I can use a shrink wrap modifier on the new hand, which is a glove, to the actual hand? And if that isn’t an effiecient way to put the glove on the hand, is there any better way? Thank you for any help.

To make a new object from vertices, select those vertices and press the P key to make a new object from the selection

Alrighty, thank you, that did it!

I was about to ask the same question…so thank you for answering it for that guy!