gauge: about 4-5 sts/inch
yarn used: light grey worsted weight (I used some Cascade 220 wool for the one featured, though I have made TONS of these in everything from Cotton Ease to Caron's Simply Soft. Whatever you prefer!)
Other notions and supplies: a pink or blue piece of ribbon, about 3 inches long, sharp metal large eye needle.
Cast on 55 stitches and join, taking care not to twist your stitches. Place marker if desired.
Knit in single rib stitch (K1, P1) for 5 rounds.
Knit in stockinette (K the entire round) for 13 rounds.
Begin decreases!
Decrease Round 1: (K9, K2TOG) five times.
Decrease Round 2 (and rounds 4, 6, 8, and 10): K entire round.
Decrease Round 3: (K8, K2TOG) five times.
Decrease Round 5: (K7, K2TOG) five times.
Decrease Round 7: (K6, K2TOG) five times.
Decrease Round 9: (K5, K2TOG) five times.
Decrease Round 11: (K4, K2TOG) five times.
Decrease Round 12: K entire round.
Decrease Round 13: K entire round.
Decrease Round 14: (K3, K2TOG) five times.
Decrease Round 15: K entire round.
Decrease Round 16: K entire round.
Decrease Round 17: (K2, K2TOG) five times.
Decrease Round 18: K entire round.
Decrease Round 19: K entire round.
Decrease Round 20: (K1, K2TOG) five times.
Decrease Round 21 K entire round.
Decrease Round 22: K entire round.
Decrease Round 23: (K2TOG) five times.
Knit one more round, then cut your yarn, leaving a good six inch tail. Thread tail onto a sharp sturdy needle (I found a metal craft/embroidery needle works best), then thread through remaining stitches, removing needles. Insert a 3 inch piece of pink or blue ribbon into the top, pull your knitting stitches snug, then using the tail stitch ribbon securely into place.
Weave in ends and enjoy!