The stitch is one I know well, having used it to make inumerable dishcloths. It can be reproduced by casting on an odd number of stitches, then garter stitching three rows. The fourth row is made by beginning the row K1. Next, K2tog, YO, and repeat until the last two remaining stitches, which are K2. Then you start over agan with the three rows of garter stitch, etc. Extremely simple, and the holes allow for rapid completion. Gotta love it.
the obligatory close-up.This model displays the actual Minimalist Ribbon Shrug, as intended by its creator, Susan Sternlieb. It was made with Berocco Lullaby in Rockabye Blue, which is surprisingly soft, light, and airy. While I'm not always big on varigated yarn, this color palette goes nicely with jeans.
As always, I'm still working on a number of other projects, but am entirely too lazy to fish them out, set them up, and photograph them. So this is all you get (for now).