This pretty stitch is only a simple four row repeat, but knit with a soft yarn, it becomes a really pretty, lacy cowl.
Row 1: k1, *k1, yo, k2tog; rep from * to end to last 2 sts, k2
Row 2: k1, p1, *p1, k1, p1; rep from * to end to last st, k1
Row 3: k1, *k1, k2tog, yo; rep from * to end to last 2 sts, k2
Row 4: k1, p1, *k1, p2; rep from * to end to last st, k1
Rep rows 1-4 until you have knit your desired length.
I gently blocked this, to help even out the lace.
Seam the ends together, and then weave in all remaining tails.