I recently finished this baby-sized (34 inches) blanket for a relative. The stitch is called the wheel stitch, and I've had some nice comments about it. I'm showing the front and back for comparison of the appearance of the stitch. Interesting.
Here's the front:
And here's the back:
The pictures were taken on different days, hence the difference in contrast/brightness.
I made the blanket after becoming interested in the pattern instructions online, which are no longer available. This one's square, but I'm working on a rectangular version. I'll share the results of that soon.
Update: The instructions for this blanket have been moved and published in a more clear manner. New Wool Eater Instructions