The Slipped Hourglass stitch is worked over a multiple of 8 sts, + 2.
Row 1 -right side: P1, * p3, k2, p3; rep from * to last st, p1.
All even number rows: Knit all knit sts, slip purlwise with yarn in front all purl sts.
Row 3: P1, * p3, k2, p3; rep from * to last st, p1.
Row 5: P1, * p2, 1/1RPC, 1/1LPC, p2; rep from * to last st, p1.
Row 7: P1, * p1, 1/1RPC, p2, 1/1LPC, p1; rep from * to last st, p1.
Row 9: P1, * 1/1RPC, p4, 1/1LPC; rep from * to last st, p1.
Row 11: P1, * k1, p6, k1; rep from * to last st, p1.
Row 13: P1, * k1, p6, k1; rep from * to last st, p1.
Row 15: P1, * 1/1LPC, p4, 1/1RPC; rep from * to last st, p1.
Row 17: P1, * p1, 1/1LPC, p2, 1/1RPC, p1; rep from * to last st, p1.
Row 19: P1, * p2, 1/1LPC, 1/1RPC, p2; rep from * to last st, p1.
Repeat Rows 1 - 20.
Abbreviations:
1/1RPC: Skip the first stitch, knit the second stitch, leave on needle, then purl the skipped stitch. Slip both stitches from the needle together.
1/1LPC: Skip the first stitch, purl through the backloop the second stitch, then knit the skipped stitch. Slip both stitches from the needle together.