{It was pointed out to me that there was a missing asterisk on the row 9 instructions; I have corrected it, and I apologize to anyone who was wondering why it wasn't knitting up properly!}
Cast on 36 sts. Knit 6 rows (3 ribs), then work in pattern for 29 inches {or desired length}, knit 6 rows, bind off.
Stitch Pattern
Row 1: K2, * yo, k2tog; repeat from * to end of row.
Row 2: P
Repeat these two rows 3 more times.
Row 9: K1, *k2tog (k through back of sts), yo; repeat from *, end with k1.
Row 10: P
Repeat these two rows 3 more times; there are 16 rows to one complete pattern.
{Below are photos of my Delancey WIP, unblocked. I'm working it on some Debbie Bliss Baby Cashmerino that I had left from another project. I like the way the direction of the decreases automatically forms the nifty, jagged border - it's a very easy stitch pattern.}