Simple Stretchy Bind Off

So simple, and so stretchy! This is my new favorite bind-off, good to use whether you need a little or a lot of stretch. A good matching cast-on is the German Twisted CO, video here:
• Knitting Help - German...
Instructions for working this BO in 2x2 rib:
Step 1: K 2 stitches, insert the left needle into the front of the two stitches you just worked, wrap the back needle and knit them together (k2tog tbl)
Step 2: P 1 stitch, Insert left needle into the back of the two stitches you just worked, wrap the front needle and purl them together (p2tog)
Step 3: Repeat Step 2
Step 4: K 1 stitch, insert the left needle into the front of the two stitches you just worked, wrap the back needle and knit them together (k2tog tbl)
Step 5: Repeat Step 4
Repeat Steps 2 through 5
Instructions for working this stitch in any other stitch combination:
K every knit stitch, and k2tog tbl it with the other stitch on the right needle
P every purl stitch, and p2tog it with the other stitch on the right needle
Information on things you'll see in this video:
The shawl I'm wearing (not my design) can be found here:
www.ravelry.com...
The needles I use are Knitter's Pride Bamboo DPNs:
astore.amazon.c...
The bulky yarn I used is Knit Picks Wool of the Andes Bulky in colors Crush, Yonder, and Honey:
www.knitpicks.c...
The nail polish I'm wearing is by Julep, color "London".
refer.julep.com...