Help needed with the Lion Brand 4 hr. Bias Baby Blanket

[GigiGirl]

Help! I am half way through the blanket and ready to start decreasing, but I am not certain how to do what the pattern says. Here it is - Row 7: K1, yo, sk2p, k to last 4 sts, k3tog, yo, k1. It is the "yo, sk2p" that I am not sure of.

The stitch explanation says that the sk2p means - to slip 1 as if to knit, knit 2 together, pass slipped stitch over - 2 sts decreased. Do I knit the slipped stitch to the next, leave the slipped stitch alone and knit the next two together? When I pass the slipped stitch over, where does it go? Does it stay on the needle or what? Help! I am completely confused even writing this. And of course, my new nephew is due to arrive in just a few days!

[Jan in CA]

The stitch explanation says that the sk2p means - to slip 1 as if to knit, knit