This is a quick and easy stitch that looks lovely in just about any weight yarn. The above samples were knit in worsted (top) and fingering (bottom).
Since this is a stocking stitch based pattern, there will be some curling to your fabric. Depending on how you plan to use the stitch, you may want to consider adding a border, like Garter Stitch as I have done in the top sample. Seed Stitch would also work well. A border will help prevent curling of the fabric.
Multiple of 5 + 3
Row 1 (RS): p3 *p2tog, yo, p3
Rows 2 and 4: knit
Row 3: p3 *yo, p2tog, p3
Repeat these four rows for the pattern.
Happy Knitting!