From the designer: Jellyfish is an excellent project to move beyond scarves, or to show off your favourite lace pattern. The body is worked in one flat piece from one sleeve edge to the other. Then the sleeve seams are sewn and stitches are picked up around the edges for a lacy ribbing border, which provides just enough textural contrast. Worked on big needles, Jellyfish requires merely one or two balls of worsted weight mohair yarn, plus approximately 100 yards of DK weight yarn for ribbing - good stash-reducing piece.

Finally found time to write up the (lost) pattern again--now it’s offered through Etsy.

Pattern formerly available at Magknits
http://www.magknits.com/July07/patterns/jellyfish.htm