Basic Bind Off
Step 1: Knit peg 1.
Step 2: Knit peg 2.
Step 3: Move loop from peg 2 to peg 1. Lift the bottom loop off the peg.
Step 4: Move loop from peg 1 to peg 2. Peg 2 is now your new peg 1.
Repeat steps 1-4.
Elastic Bind off Method also known as the Yarn Over Bind Off
Done with e-wrap, not the knit stitch. The ewrap is what provides the extra yarn for the elasticity.
KO=Knit off, the process of lifting the bottommost loop up and off the peg.
Step 1: Ewrap peg 1 and KO.
Step 2: Ewrap peg 2 and KO.
Step 3: Move loop from peg 2 to peg 1. KO. Ewrap peg 1. KO.
Step 4: Move loop from peg 1 to empty peg 2. Peg 2 becomes peg 1.
Rep steps 1-4, until all the stitches have been removed from the loom.