With A, cast on 48 sts. Divide sts onto 4 needles (12 sts on each needle). Place marker for beg of rnd. Join by working the first st on left hand needle with the working yarn from the right hand needle and being careful not to twist sts.
Work in K2, p2 Rib worked in rnds for 5 rnds.
Work in St st worked in rnds (k every rnd) until piece measures about 9 in. (23 cm) from beg. Change to D.
With D, work in St st worked in rnds until piece measures about 13 in. (33 cm) from beg. Change to B.
With B, work in St st worked in rnds until piece measures about 16 in. (40.5 cm) from beg.
Note: The heel is turned by working short rows over a portion of the heel flap sts. To work short rows, the instructions will tell you to "turn" before you reach the end of the row. When you turn, leave the rem sts unworked.
Change to 3 strands of C held tog. You will now work back and forth in rows over the 24 sts on the first 2 needles only.
Remove beg of rnd marker.
Row 1 (RS): With 3 strands of C held tog, sl 1 as if to purl, k23, TURN.
Row 2: Sl 1 as if to purl, p23, TURN.
Rows 3-14: Rep last 2 rows 6 times.
Turn Heel Row 1 (RS): K12, ssk, k1, TURN.
Row 2: Sl 1, p1, p2tog, p1, TURN.
Row 3: Sl 1, k2, ssk, k1, TURN.
Row 4: Sl 1, p3, p2tog, p1, TURN.
Row 5: Sl 1, k4, ssk, k1, TURN.
Row 6: Sl 1, p5, p2tog, p1, TURN.
Row 7: Sl 1, k6, ssk, k1, TURN.
Row 8: Sl 1, p7, p2tog, p1, TURN.
Row 9: Sl 1, k8, ssk, k1, TURN.
Row 10: Sl 1, p9, p2tog, p1, TURN.
Row 11: Sl 1, k10, ssk, TURN.
Row 12: Sl 1, p10, p2tog, TURN - 12 sts rem for heel.
Change to B.
Next Rnd (RS): With B, k12 heel sts; with same needle, pick up and k9 sts evenly spaced across side of heel flap; with needles 2 and 3, k across 24 top of foot (instep) sts; with needle 4, pick up and k9 sts evenly spaced across other side of heel flap; with same needle k6 heel sts to establish new beg of rnd at center of heel - 54 sts.
Place marker for beg of rnd.
Rnd 1: Knit.
Rnd 2: K to last 3 sts on first needle, k2tog, k1; k all sts on 2nd and 3rd needles; on 4th needle, k1, ssk, k to end of needle - 52 sts.
Rep last 2 rnds until 48 sts rem (12 sts on each needle).
Work in St st worked in rnds until foot measures about 7 in. (18 cm).
Change to 3 strands of C held tog.
Rnd 1: With 3 strands of C held tog, k to last 2 sts on first needle, k2tog; *k to last 2 sts on next needle, k2tog; rep from * 2 more times - 44 sts.
Rnd 2: Knit.
Rnds 3-12: Rep last 2 rnds 5 more times - 24 sts rem at the end of Rnd 12 (6 sts on each needle).
Rnds 13-16: Rep Rnd 1 four times - 8 sts rem at the end of Rnd 16(2 sts on each needle).
Cut yarn, leaving a long yarn tail. Thread yarn tail through rem sts and pull gently to close opening. Knot to secure.
With A, and following package directions, make a small pom-pom. Tie pom-pom to tip of toe. With C colors as desired, make 2 pom-poms. Tie pom-poms to top of Stocking.
With 2 double pointed needles and A, cast on 3 sts. Knit the 3 sts. Do not turn work. *Slide sts to other end of needle and knit them, pulling yarn tightly across the back of the work, (do not turn work); rep from * for total of 32 rows. Bind off. Fold cord in half and sew ends to inside top back edge of Stocking.
Weave in ends.