Now I've seen this around, but this is the tutorial that allows the knit fabric continue to be in a tube like fashion. I think this would look quite adorable with lace applique also...just a thought!!♥
Sailor's knot braid: four strand braid. 1) Divide hair into 4 sections and number them 1-4 from the left. 2) over , over . 3) over . 4) Re-assign the numbers so that the section on the leftmost (originally ) becomes . 5) Repeat from step 2.