Icelandic Bind Off

K1, *slip stitch from right needle to left needle purlwise (Figure 1). Insert right needle purlwise into first stitch on left needle, then knitwise into second stitch to catch front loop of second stitch (Figure 2). Draw front loop of second stitch through first stitch and knit it (Figure 3). Drop both stitches from left needle (Figure 4). Repeat from *.