Ohhh, I really like this one! Super fast, but looks really complicated. In fact, it is the EASIEST pattern so far. Every 5th and 6th stitch is slipped, so that acts like built in stitch markers, it's impossible to lose track of where you are. Fascinating thick circles emerge!
It would also make a great hotpad and I am going to make a scarf out of this stitch, too!http://www.ravelry.com/patterns/library/circle-cloth/people?page=42