Lace Cable Dishcloth
EDIT 11/7/11: I had taken down the instructions as I found a very similar (and somewhat older) pattern. This pattern is now gone, so I put mine back up. I have edited for a slightly larger size, the size is easily adjustable by adding or removing a repeat of the lace cable pattern.
This dish cloth is lacy enough that it is quick to dry, which helps prevent the dreaded dishcloth stink. Gauge isn’t that important, and you can make about two with each ball of sugar ‘n cream. A cable needle is needed for this pattern, and you can work the cables in either direction, or one in each direction.