It looks like knit but it's crochet with the Waistcoat Stitch!
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1:24 - BEGIN with SK (Slip Knot) and CH 25 (Chain)
1:50 - Row 1 - 24 SC (Single Crochet)
2:40 - Row 2 - CH 1, 1 SC, WC (Waistcoat Stitch) across, 1 SC
5:58 - First stripe (3 rows, 25-27)
7:14 - First section after stripe (5 rows, 28-32)
8:06 - Second stripe (3 rows, 33-35)
9:09 - Tassels
