You will need:
2 colors of worsted weight yarn, preferably one smooth (color A) and one textured (color B). This is a good stash buster project as it only takes about 200-250 yards of color A and 150 yards of color B
Size 10.5 US 20 inch circular needles
Cast on 100 stitches with color A.
Join in the round taking care that the stitches aren't twisted. Place a marker to indicate the beginning.
Work 6 rounds in k2, p2 rib
Drop color A behind work and start with color B. Knit 1 round
Drop color B behind and pick up color A. Knit 1 round
Continue in this pattern of single row stripes until you have 7 rounds of color B. End with a round of color A.
Cut color B, leaving a long enough tail for weaving in.
Using color A, work in box stitch:
Rounds 1 & 2: k2, p2
Rounds 3 & 4: p2, k2
Work rounds 1-4 twice then rounds 1 & 2 again.
Round 1: Drop color A behind work and pick up color B again. In color B, (k1, sl1) around
Round 2: Knit
Round 3: Drop color B behind work and pick up color A. In color A (sl1, k1) around
Round 4: Knit
Work all 4 rounds a total of 3 times then work rounds 1 & 2 again.
Cut color B, leaving a long enough tail to weave in. You are done with color B.
Pick up color A.
Pattern stitch: (k3, p3)
Work 6 rounds of pattern stitch without regard for where the ending marker is. After 6 rounds, bind off all stitches loosely and weave in ends.
Block lightly if desired.