The base of this stocking only looks hand-knit -- it's actually a wool fabric that's sold by the yard.
Martha Stewart Living, December 2011
Print pattern. Cut out fabric.
You will need 9 lengths of knitted I-cord: one 5 inches long, two 8 1/2 inches long, two 17 inches long, two 19 inches long, one 15 inches long, and one 8 inches long. To knit the I-cord: With 1 needle, cast on 3 stitches. Knit 1 row; do not turn work. Slide stitches to other end of needle, pull yarn gently, and knit all stitches again. Continue in this manner until cord is desired length. Cut yarn, leaving a tail. (Optional: Lengths of finger knitting or spool knitting will yield similar results.)
Arrange I-cord pieces onto 1 stocking piece, so they resemble cabling. They go in this order, from left to right: 5-inch piece; two 8 1/2-inch pieces, twisted; 17-inch piece; two 19-inch pieces, twisted; 17-inch piece. Stitch in place. For the "bumps" between the "cables" make two or three backstitches for each one.
Place cabled side down on other piece of the stocking. Sew together. Turn right side out.
Sew 15-inch piece of I-cord around opening, then add the 8-inch piece as a loop for hanging.