This mesh is not lacy, but would make a cosy cellular blanket or sweater.
Bunny Ears demo: https://www.youtube.com/watch?v=q175Sugbr_k&feature=em-upload_owner
Shown with a cast-on count of 8 stitches.
1 2 3 4 5 Horizontal repeats
1 2 3 4 5 Vertical repeats
Swatch photo uploaded by chrisfourfalcon