Here you go ladies. For new knitters, this is the BOMB! I had never done a sweater before and decided to try this so I wouldn’t have to sew in the arms and it turned out nice. I am posting my pic as well so you can see what you can do with buttons instead of ribbons. I used a 1" one stitch knitted loop to go around the buttons instead of the ribbon and it worked out great. It works up pretty quickly too.
http://www.craftyarncouncil.com/projects/may_knitproject.html