Elegantly Simple Bookmark
Elegantly Simple Bookmark is a good example of how you can take a stitch pattern in one of your favorite patterns (such as the Elegantly Simple Baby Blanket) and adapt it easily for something else.
Or like this little project, to work a couple of stitch pattern repeats as a sample practice swatch and turn it into a useful article! In this case, the Elegantly Simple Bookmark also takes advantage of the naturally double-scalloped edge to make a decorative pleated end to which a beaded tassle is attached.
Tutorials are available in the June 2014 archives at the KnitHeartStrings KAL site here - Charity Knitting Made Elegantly Simple