Well that is obviously messed up. If you yo and then drop a stitch over and over again you're gonna end up with all your stitches dropped and a needle entirely wrapped. I'm with MMario on this one. It's probably supposed to be repeat from the k1.
OTN: Jeckyl and Hyde Hat, Shetland Shortwrap( )
FO: Lacey Stole, Library Capelet, Dead Fish Hat, Tree Bark Scarf