An odd raglan pattern is driving me nuts!

[suzanne]

I'm working on a raglan sleeve man's cardigan. I've made raglan before, but the instructions in this one are very different. I should mention that the pattern is from a Spinnerin knitting book from 1964 or 1965. The pattern forms a somewhat more intricate design than the average raglan.

The pattern reads as follows:

RAGLAN ARMHOLES: Bind off 2 sts. at beg of next 2 rowsl.
...this is not a problem...lol
what follows is!!

ROW 3 (This is where I get lost!): K2, skip 1, K thru front loop (leaving st on needle), K skipped st, K2 tog, K to last 6 sts, sl 1, K1, psso, skip 1, K next st thru back loop (leaving st on needle), K skipped st, K2.

Is "skip 1" the same as doing a "slip 1?"
When instructed to leave the "K thru front loop" on the needle, does that mean I'm supposed to leave it on the left needle? ...and if that is correct, then am I supposed to then move the skipped stitch back to the left hand needle in order to knit it?

The instructions then instruct Row 4: Purl...
and then says to "Rep last 2 rows a certain number of times (depending on the size), and to bind of the remaining stitches that will be left.

I have tried to work this out on a separate swatch so I won't wear out the yarn on the actual project ( ...but after much head-banging (what a headache I have!) I realize I'd better send out an SOS here!

I'm sure I'm going to feel like a total moron when someone here explains how simple this actually is...but, I really don't get it.
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