Suspended Bind-Off
This has the same results as Basic Knit BO, but for some people working it this way creates a looser BO. (Not for me; the result is exactly the same, so I just stick with Basic Knit BO.)
Step 7
Slip the right-hand stitch over the other stitch and off the needle. Now cut your yarn, leaving a long enough end to weave in, and bring it through the remaining loop and pull tight to close. You're done binding off!
Finished BO Edge
This is what the bound-off edge should look like. It's nice and elastic, so if you tend to bind off too tightly, I think you'll really like this method.