Basic Stitches for Lace Knitting - Stitch This! The Martingale Blog ...

SKP
SKP stands for slip one stitch, knit one stitch, pass the slipped stitch
over. You might also see this decrease abbreviated as PSSO, or
“pass slipped stitch over.” Whichever way the instructions list it,
here’s what you do: Slip one stitch from the left needle onto the
right needle; knit the next stitch on the left needle. Now use the
tip of the left needle to lift the slipped stitch (the second stitch in
on the right needle) up and over the stitch you just knit. Drop the
slipped stitch off the needle completely. Mission accomplished.
K2tog-tbl
Knit two stitches together through the back loop. Just when you
thought there couldn’t be one more way to make a left-slanting
decrease, here’s one more. This happens to be my personal
favorite, as it really does make the exact opposite of K2tog. And,
it takes fewer motions to do this decrease than the variations
where you’re slipping stitches and passing the slipped stitches
over other stitches. I learned this from Donna Druchunas, who
shared it in Successful Lace Knitting. I’ve used it ever since.
For this left-slanting decrease, insert your right needle into the
back of the first two stitches on the left needle. Wrap the yarn
around the needle as if to knit, pull the loop through both
stitches, and slip those stitches off the left needle. Easy peasy.
My new favorite decrease!
SKP
K2tog-tbl
SKP
K2tog-tbl
2 Basic Stitches for Lace Knitting