As of October 11th, 2013, this pattern has been completely re-written and simplified with more clear instructions.

Knit top-down in the round, this is a seamless sweater. My sample is made with Plymouth Baby Alpaca Grande, though it will turn out equally as well with Misti Alpaca Chunky Solids, slightly more drapy with Blue Sky Alpacas Techno, or many other bulky weight yarns.