This is the Swallowtail Shawl by Evelyn A. Clark, featured in Interweave Knits Autumn 2006 issue. The new craft: placing beads on knits using a crochet hook.
For more info and pics, feel free to hop on over to my blog.
Cheers,
Kristina
Pictured above are a skein of Magic Stripe sock yarn, one of Noro, and two red FunFettis, along side a knitting needle roll. When unrolled and opened up, this case has 34 pockets and will hold dozens of pairs of knitting needles and accessories (Needles not included.) I'll problably throw in another little goodie or two, since I have to run to town this afternoon.