Punch lace, also called Thread Lace, is an interesting technique, which as far as I know does not have a hand knit equivalent. It would be possible but probably too awkward to be worth the effort. It is similar to the Fair Isle technique, (called Knit In on the Singer machine). The difference is that one of the two yarns in the yarn feeder, the one in the front, 2 position, will knit all stitches. The other yarn will knit only those stitches corresponding to the blank places on the card.
|Detail from the surface of the above Silk / Alpaca wrap|
Punch Lace, just like in the book.
Candlewick, not lace at all
This effect is similar to Knitweave with cut floats, only in this version the the cut yarn is more securely knitted into the backing fabric.