The stitch pattern for this blanket is an old eyelet lace, called "Dewdrop Stitch" by Barbara Walker. Babies love having small holes to peek and/or poke their fingers through. This pattern runs a lower risk of "pulling" a strand out than most traditional laces. In addition, it is easy to work and memorize, with only two rows out of the eight that have yarnovers and decreases.
This blanket may be made in two sizes to fit your situation. The instructions are given for a small or "half" sized blanket that is appropriate for a car seat or bassinet, with instructions for a "full" sized blanket in parentheses. These two sizes are approximately 20in by 28in (50cm by 70cm) and 30in by 40in (75cm by 100cm). The small size blanket requires approximately 400yd/365m, and the large size blanket requires approximately 800yd/730m of worsted-weight yarn at the given gauge.
20 stitches and 34 rows = 4 inches in Dewdrop stitch
800 yards of Worsted weight
Katherine Vaughan has been knitting for 25+ years and designing for more than 5. She primarily designs adult and children's wear and accessories for adults and the home. She daylights as a medical librarian in North Carolina, where it is (almost) never too hot to knit. Website: http://www.ktlvdesigns.com