I have used this stitch previously and knew going into it that I wasn't going to like it very much. The problem is that it is much too lacy. It is almost exclusively made of doing stitches in spaces. This translates into a very lacy fabric that is not very stable: the stitches slide around on the 'chain #' spaces. One potential advantage to this is that it does make a slinky fabric. That might work in a scarf, but I don't intend to use this stitch again.
The color pattern I used was 2 rows of orange, (2 rows of confetti, 2 rows of orange) repeated.
Here's how to make it:
Chain 94 then add the standard border:
Round 2: dc around, 5 dc in each corner (orange)
Round 3: sc around, 3 sc in each corner (confetti)
Round 4: (sc, ch 3, sk 1) around, (sc, ch 3, sc in same stitch) at corner (confetti)
I made this using Bernat Baby Peach Blossom (orange) and Pretty Girl (confetti) yarn with a J hook.