With hot pink, cast on 30 stitches.
Knit 5 rows.
Row 1: Knit first 4 stitches, purl across to last 4 stitches, knit last 4 stitches.
Row 2: Knit across.
Repeat Rows 1 and 2 until almost all hot pink has been used. Change to dark blue and continue to repeat Rows 1 and 2 until almost all dark blue has been used.
Continue as established, repeating Rows 1 and 2 and changing color as each is used up as follows: pea green, light blue, emerald, peach, purple, red. Work until final color block (red) measures about 1/2 in. (1.5 cm) less than previous color blocks. With red, knit 4 rows.
With large-eyed blunt needle, weave in ends.