Materials: Sugar and Cream yarn; Size 6 or 7 needles (US)
Cast on 4 stitches
Row 1: Knit 4
Row 2: Knit 2, yarn over, knit across the row.
Repeat Row 2 until you have 44 stitches on the needle. (Or as wide as you like)
Row 3: Knit 1, Knit 2 together, yarn over, knit 2 together, knit to the end of the row.
Repeat Row 3 until you have 4 stitches on the needle.
There are many variations of this pattern. I sometimes leave off the yarn over and do a kfb instead. (this is the red and white picture above. It took a little less than half skein)
Usually I like these smaller than 44 stitches.
If you haven't made these, be careful! They go fast but if you give one away, you'll be making them for the rest of eternity! Everyone loves them.