Second Knitting Project Finished!
This pattern is called "The Magic Scarf" in Crazy Aunt Purl's book Drunk, Divorced, and Covered in Cat Hair.
I used #11 wooden needles, and Filati FF Funky yarn, color #46, a wool/acrylic made in Italy.
Here's detail of the stitch.
It looks complicated, but it's just a knit 5, purl 5.