What you have is called slub yarn, I believe. It knits up kind of bumpy, but cool-looking, too. There's not point in trying to knit it in any kind of stitch pattern since it won't show up very well, but it makes a nice texture by itself.
"Trust the pattern!"
Time flies like an arrow, but fruit flies like a banana.
Hop aboard while we follow the cloud-covered van of knitting harmony, man!! Woooo!! --Hedgehog
IngridKH on Ravelry