With R needle, reach through 1st st purlwise.
Catch front loop of 2nd st.
Draw 2nd st through 1st st.
Wrap your yarn to knit. Pull yarn through.
Complete the K stitch.
Move st back to L needle.
Repeat steps 1-6 across row.
Cut yarn and pull through last st.
Icelandic Bind-Off: Tips and Tricks
One thing to help you do this bind-off faster is to get into a rhythm.
Don’t be afraid to stretch the stitches as you do them so that you can get into a rhythm and make sure that the bind-off comes out nice and even. If your tension varies a lot you’ll notice the bind-off won’t look as nice.
To go faster: when you put the stitch back on the left needle, leave the right needle-tip inserted in the stitch.
You will already be in position to catch the front loop of the second stitch and start the movement again.
Also, make sure to push each completed stitch onto the barrel of the R needle, even if only briefly, before you pass it back to the left-hand needle.
This will keep the stitches from getting too tight.
The Icelandic bind-off - “A medium-speed, stretchy bind-off that’s good for intermediate knitters”