The simplicity of the eyelet stitch works well for feminine items (such as shawls) or baby clothes. Ribbon can be woven through a row of the eyelets to create a decorative feature or it can be used as a drawstring.
How to knit the Wrapped Stitch. This video shows only Row 2 of the stitch pattern, which is the row where the wraps are made. Row 1 is a purl row. For the written pattern, please visit: http://theweeklystitch.blogspot.com/2011/09/wrapped-stitch.html