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Since the first time I worked a knit pleat, I wanted to include pleats in a design. Like turning a sock heel, working pleats seems to take just a bit of magic--which is kicked up a notch when you hide a bit of lace behind them.
This capelet is worked in the round from the bottom up, with a simple honeycomb lace pattern hiding behind front pleats and repeated at the back. Basic stockinette and garter stitch let the pleats take center stage in a cozy accessory that will stay put around your shoulders when fall’s chill arrives.

Sizes: Child (Teen, Adult XS/S, Adult M/L, Adult XL): finished circumference at widest point approx. 37 (42 ¾, 47 ½, 55 ¾, 63 ¾)”/94 (108.5, 120.5, 141.5, 162) cm
Note: circumference is measured with pleats folded over front lace panel

Gauge: 20 sts and 28 rnds = 4”/10 cm in st st in the round, blocked
18 sts and 28 rnds = 4”/10 cm in Honeycomb Lace stitch in the round, blocked

Yarn: Harrisville Designs flyWHEEL,100% pure virgin wool, 170 yards/2 oz (155 meters/50 g): 3 (3, 4, 5, 6) skeins in Driftwood

Suggested needles: US size 6/4.0 mm 32”/80 cm and 16”/40 cm circular needles

Notions:
stitch markers in 4 different colors/styles
2 spare DPNs
tapestry needle

Techniques to Know (or be ready to learn!):
Basic decreases
Simple lace techniques
Working through the back loop
Working a knit pleat