Bobble = MB: (k, p, k, p, k) all into next st. Turn, p5, turn, pass each st in turn over st nearest tip of needle.
Using smaller needles, cast on 121 sts and work 1½in (3cm) in k1, p1 rib, decreasing 1 st on last row (120 sts).
Change to larger needles. Row 1: K2, * p3, MB, p3, K1. Rep from * ending p3, MB, k2. Row 2: K2, * p5tog, k3, p1, k3. Rep from * ending p5tog, k3, k2. Row 3: K2, * p3, k1. Rep from * ending k2. Row 4: K2, * p1, k3. Rep from * ending k2 instead of k3. Rep rows 1–4 twice more then rows 1–3 again. Row 16: K twice in 1st stitch, k1 * p1, k1, k twice in next st, k1. Rep from *. Row 17: K1, p2, * k1, p4, MB, p4. Rep from * ending k1, p4, MB, p2, k1. Row 18: K3, p1, * k4, p1, k4. Rep from * ending k3. Rows 19 & 20: Knit and purl as set. Row 21 & 22: Rep Rows 17 & 18. Row 23: K1, p2tog, * k1, p1, p2tog, p1, k1, p1, p2tog, p1. Rep from * ending p2tog, k1. Row 24: Knit and purl as set. Row 25: K1, p1, * p3tog, k1. Rep from * ending p1, k1. Row 26: K2tog, * p1, k1. Rep from * ending k2tog. Row 27: (P1, k1) to end, k1. Row 28: (K1, p3tog) to end, k1. Row 29: (P1, k1, p1, MB) to last 3, p1, k1, p1. Row 30: (K1, p1, k1, p5tog) to last 3, k1, p1, k1. Row 31: (P1, k1) to end, k1. Row 32: (K1, p1) to end, k1. Row 33: (P1, skpo) to end, p1, k2tog.
Thread yarn through remaining sts, draw up and fasten off leaving a long enough end to sew up back seam.
This project is excerpted with permission from <a href="http://www.amazon.com/gp/product/1438001959/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1438001959&linkCode=as2&tag=craftfocom-20">"Heirloom Knitting Skills: A Stitch in Time"</a> by Rita Taylor and published by Barron's Educational Series.