I've made one or many mini stockings over the last several Christmases. I seem to alter the pattern a bit from year to year, but do most of them the same in any one season. This is a great way to use up scraps.
This year's are shaping up as follows:
Size 3 double pointed needles, set of 4
Fingering to light worsted yarn
Cast on 24 stitches. Divide on three needles (6, 6, 12)
Purl three rounds.
Knit all stitches for about 1.5 inches.
Heel flap is worked back and forth on 12 stitches, starting on the wrong side.
Row 1: K1, purl to last stitch, slip 1 with yarn in front
Row 2: *K1, slip 1 with yarn in back*, repeat between * to last stitch, slip 1 with yarn in front
Repeat rows 1 and 2 five times for a total of 12 rows
Row 1 (WS): K1, p6, p2tog, p1, turn
Row 2 (RS): slip 1, K3, ssk, K1, turn
Row 3: slip 1, purl to last three stitches, p2tog, p1, turn
Row 4: slip 1, knit to last three stitches, ssk, K1
Divide heel stitches evenly on two needles. Place instep stitches one needle.
Pick up and knit six stitches on right edge of heel flap. Knit across instep. Pick up and knit six stitches on left side of heel flap, then knit remaining heel stitches.
Gusset rounds begin at the bottom of the foot.
Round 1: knit to last three stitches on first needle, K2tog, K1. Knit across instep. On third needle, K1, ssk, knit to end.
Round 2: knit all stitches
Repeat gusset round until 24 stitches remain.
Knit all stitches for about .75 inches.
Toe rounds begin at side of foot.
Round 1: *K2, K2tog* repeat to end
Round 2: knit
Round 3: *K1, K2tog* repeat to end
Round 4: knit
Round 5: *K2tog* to end
Cut yarn, draw yarn through remaining stitches to close toe.
Weave in ends. If desired, use tail from cast on to fashion hanging loop.