Knitting Nancy - Spool Knitting Loom - for Jewelry/Beads/Lace Cord Knitter
5 piece set in Pink.
Size: about 36~107mm long, 4~36mm wide, 2.5~20mm thick.
There are 2 fittings for different sized jobs, and a needle to sew up, as well as the hook tool to actually make the stitches.
There are a few names for this; French Knitting is one name I remember. If you click here it's a wonderful link on Google Images to give you some ideas on what can be made with the Knitting Nancy. I particularly love the Celtic knots, the headbands and the flowers!