I'm obsessed with Chan Luu bracelets, and Laura Nelkin's Ribband pattern is the perfect knit version. Laura's pattern is available at Nelkin Designs or at her Ravelry page. She has an amazing knitted jewelry pattern collection - go get em!
I modified the pattern for the lazy. You can see my version at My Ravelry Page too.
Just did a simple stockinette pattern with the beads in the middle. I couldn’t find the patience for the W2 k1p1 thing. Threaded beads on the yarn till I got sick of it. Knitted till it looked like it would wrap around a few times. I did block them, but only to even em out a bit. Used leftover sock yarn and cheap 1/2 off beads.
LOVE this pattern! I think I’ll make some of these for Xmas gifts. Im struggling with the urge to go buy more beads. This could be dangerous.