Heya! Happy May to you all! 
I wanted to pass along the news that there are a couple loom alongs scheduled for this month creating the Chain Lace Cowl, featured in this current issue of the Loom Knitters Circle. They are being held in the LKC groups, both in Ravelry and Facebook:
http://www.ravelry.com/discuss/loom-knitters-circle-magazine/2129323/1-25#2
https://www.facebook.com/events/358221724226053/
We will make this an impromptu project for our Gettin’ It Pegged Yahoo Group during May, as well…feel free to ask any questions about the Cowl and/or the new Chain Lace Stitch right there in our group.
http://groups.yahoo.com/group/GettinItPegged/
Here is Jenny Stark’s official announcement:
“Hi there! It’s time for another loom along from the current issue of Loom Knitter’s Circle. From the Spring 2012 issue of LKC, we’ll be working on the lovely Chain Lace Cowl by Bethany Dailey/gettinitpegged! Come learn how to work this pretty lace technique and create the perfect accessory to add to your Spring wardrobe. The pattern can be found at http://www.loomknitterscircle.com/- click on the Patterns in Current Issue tab, then click on the very first picture and you’ll be taken to the pattern.
Here is what you’ll need to gather up:
Materials
Knitting Loom: The cowl was created especially for the Authentic Knitting Board’s All-n-One Loom. The loom has a 3/8″ spacing from one center of peg to the next, making it comparable to a small gauge loom. The cowl was created using all 106 pegs in the round. This project can, however, be created on other looms of your choice, adjusting width as necessary for differing sized looms.
Yarn: 155 yards of worsted weight. Berrocco Softwist, color #9479 was used in sample.
Notions: Tapestry Needle, Knitting tool, 5.5 mm crochet hook. Optional: large decorative button.
Gauge: Gauge is not absolutely essential for this project. However, the gauge achieved in the sample is: 3.75 sts X 11 rows per inch in garter stitch.
Pattern Notes: The pattern can be worked in a variety of ways. The center garter stitch section can be removed for an entirely Chain Lace Stitch design. The pattern can also be repeated more times for use as a hooded cowl. The project can be worked as a flat panel for a lovely stole, or use fewer pegs for an airy scarf. You’re sure to fall in love with all the many different ways to use the Chain Lace Stitch!
Also, if you’ll notice, at the bottom of the pattern, Bethany has a tutorial video on this lace technique. Super handy, right?
Happy loom knitting!”
I’d also like to add this bit about yarn:
The exact yarn used for the sample, Berrocco SoftTwist has been discontinued by the manufacturer. You could go about finding some of this exact yarn through the stash sales in Ravelry…but other yarns will do for this project just as well. This yarn in the pattern has some rayon content, which gives the finished project some extra body as well as sheen. If you could find a yarn that is worsted weight with just a bit of nylon or rayon, I think it would match the original very nicely. Caron Simply Soft comes to mind as a yarn that has some very nice shine to it, but this is a bit softer than the Berrocco. Even so, I think it would do very well. Just take a perusal through the yarn department and see which ones you think would be pretty with the Chain Lace Stitch. 
Hope you enjoy this project…it would make a perfect gift for Mother’s Day too!
Bethany~
…or you can alternately choose a tote bag with this design, if you’d rather. 
