Knit peg 2, place peg 2 stitch on peg 1 and toss the bottom loop over. Move stitch to the empty peg. Repeat over and over.
I am using a 66 peg loom for this project but you can use a 40 or 48 peg as well but the sizing will end up in reverse. Gauging is not a worry as your yarn is your gauge.
Cast On 66 Flat
Knit flat for 3 skeins
Bind Off
Add a border of your choice if you would like. I chose to crochet a fan border.
Review
Cost: $12 to $8 a skein
Availability: Most craft stores
Yardage: approximately 18 to 16 yards
Material: 100% Polyester
Overall: It is very soft and easy to work with with. Expensive to make a project with since you would need several to do just a twin size blanket. Don't plan on any stitch patterns as I tried a purl you couldn't tell it at all. So it is just a stockinette. Your border is where you can get fancy. Will give you approximate number of skeins for blanket sizes.
If you are using a 40 peg loom.
Crib Blanket: 1 panel, 3 skeins.
Twin: 2 panels, 5 skeins.
Full: 3 panels, 8 skeins.
Queen: 4 Panels, 13 skeins.
You can make a pillow likely with just one skein. You might could make a poncho using the twin blanket method but leave a hole open in the middle when sewing up.