Virtually all theories of ideation hypothesize that ideas arise during the thought process through association, each one triggering the next through some type of linkage, e.g.,聽structural analogy, semantic similarity, polysemy, etc. In particular, it has been suggested that the creativity of ideation in individuals reflects the qualitative structure of conceptual associations in their minds. Interestingly, psycholinguistic studies have shown that semantic networks across many languages have a particular type of structure with small-world, scale free connectivity. So far, however, these related insights have not been brought together, in part because there has been no explicitly neural model for the dynamics of spontaneous thought. Recently, we have developed such a model. Though simplistic and abstract, this model attempts to capture the most basic aspects of the process hypothesized by theoretical models within a neurodynamical framework. It represents semantic memory as a recurrent semantic neural network with itinerant dynamics. Conceptual combinations arise through this dynamics as co-active groups of neural units, and either dissolve quickly or persist for a time as emergent metastable attractors and are recognized consciously as ideas. The work presented in this paper describes this model in detail, and uses it to systematically study the relationship between the structure of conceptual associations in the neural substrate and the ideas arising from this system鈥檚 dynamics. In particular, we consider how the small-world and scale-free characteristics influence the effectiveness of the thought process under several metrics, and show that networks with both attributes indeed provide significant advantages in generating unique conceptual combinations.