This pattern can be adapted to circular knitting by knitting all the even numbered rows.
Cast on with Color A and purl one row.
Colors A and B.
Repeat rows 1 - 4.
Row #SideColorBegin RowRepeatRepeat From *End Row
1RBk1*skip 1 st and insert needle from front into the st <I>in row below</I> the 2nd stitch on left-hand needle; draw through a loop, sl the loop onto the left-hand needle and knit it together with the skipped st through the <I>back</I> loops, k1*k1
2WB*purl* 
3RAk2*skip 1 st and insert needle from front into the st <I>in row below</I> the 2nd stitch on left-hand needle; draw through a loop, sl the loop onto the left-hand needle and knit it together with the skipped st through the <I>back</I> loops, k1*k2
4WA*purl* 
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