Houndstooth Pattern

A small gift bag in Houndstooth Stitch

Christmas gives me the opportunity to play with my favourite slip stitches, making little knitted items.  This Houndstooth Pattern is very effective and I would like to see it in black and white in a little boxy jacket, Chanel style.

Knitted in two colours
Cast on multiples of 3 stitches in Colour A

1st row (right side) : Using A, k1, *sl 1 purlwise, k2; rep from * to last 2 sts, sl 1 purlwise, k1
2nd row: Using A, purl.
3rd row: Using B, *sl1 purlwise, k2; rep from * to end.
4th row: Using B, purl.

Repeat these 4 rows.

Closeup