From the Stitch Description: The Lace Ladder makes use of paired decreases, which eliminates the bias tendency of Faggot Beading and results in a fine crisp design with the ribs going straight up. Lace Ladders are very useful. They make excellent insertions wherever something a little bolder than Faggoting is desired - for example, to decorate robes and beach wear, knitted tablecloths and throws, fancy stockings. They have the advantage of being simple to work, and add width to a knitted piece by opening up the fabric.

Location of Stitch: Page 188 from A Treasury of Knitting Patterns.