Basket Stitch. Cast on a number of stitches divisible by four, plus three stitches.
Row 1. * Knit three, slip one. Repeat from * across row. End with Knit three.
Row 2. * Knit three, bring yarn forward, as if to purl, slip one, bring yarn back. Repeat from * across row. End with Knit three.
Row 3. Same as Row 1.
Row 4. Same as Row 2.
Row 5. Knit.
Row 6. Purl.
Repeat these six rows.
Source: Complete Guide to Modern Knitting and Crocheting