Two Color Dip Stitch
How to knit the Dip-stitch: Insert right-hand needle from front under purl loop of stitch 6 rows below next stitch, knit an extra stitch in this stitch; then knit the next stitch on the left-hand needle and pass the extra stitch over it.
Knitted in a multiple of 8 sts + 3 and a 12-row repeat.
Cast on with Color A and purl one row.
Row 1 - wrong side: With color B, purl.
Row 2 - right side: With color B, knit.
Row 3: With color B, purl.
Row 4: With color B, knit.
Row 5: With color A, knit.
Row 6: With color A, knit 1, * dip-st, knit 7; rep from * to last 2 sts, dip-st, knit1.
Rows 7 through 10: With color B, repeat Rows 1 through 4.
Row 11: With color A, knit.
Row 12: With color A, knit 5, * dip-st, knit 7; rep from * to last 6 sts, dip-st, knit 5.
Cast on with Color A and purl one row.
Row 1 - wrong side: With color B, purl.
Row 2 - right side: With color B, knit.
Row 3: With color B, purl.
Row 4: With color B, knit.
Row 5: With color A, knit.
Row 6: With color A, knit 1, * dip-st, knit 7; rep from * to last 2 sts, dip-st, knit1.
Rows 7 through 10: With color B, repeat Rows 1 through 4.
Row 11: With color A, knit.
Row 12: With color A, knit 5, * dip-st, knit 7; rep from * to last 6 sts, dip-st, knit 5.