Shown with a cast-on count of 4 stitches.  

• Rounds 1-2, 4-5, 15-16, 18, 27, and 29: Knit.
• Rounds 3, 17, and 31: *Yo, k2tog, repeat from *.
• Rounds 6 and 19: *Dip st, k1, repeat from *.
• Rounds 7 and 20: *K1, dip st, repeat from *.
• Rounds 8-9, 11-12, 21-22, 24, 28, 30, and 32: Purl.
• Rounds 10 and 23: *P2tog, yo, repeat from *.
• Rounds 13 and 25: *P1, dip st, repeat from *.
• Rounds 14 and 26: *Dip st, p1, repeat from *.