2 x 2 Mitts

I have really been wanting to knit some of the yarn I have dyed, but couldn't think of anything I really wanted to create. Then these popped into my head. They're fairly simple, and can be made simpler by using a regular bind off, rather than the picot edge I used on these.
They are so quick, they knit up in less than a weekend.
(FYI - I plan on getting pictures with both of the mitts being worn in one picture in a few days. Right now it is just me and my camera phone, so I could only take one hand at a time!)
YARN: Fingering Sock Yarn, I used a 75% Superwash Merino Wool, 25% Nylon blend that I dyed myself.
NEEDLES: US size one DPNs or circular for magic loop.
NOTIONS: Needle to weave in ends
GAUGE: Doesn't really matter
Before we start I want to warn you that these are going to look super small as you knit them. However, the 2x2 rib is really stretchy, so don't worry, these will fit any average sized wrist!

INSTRUCTIONS:
Cast on 40 stitches. Divide between four DPNs if using. Join to begin working in the round, being careful not to twist.
Work in 2x2 rib(K2, P2) for 5 1/2 inches, or desired length.
Thumb: Work in patt for five stitches, bind off six stitches, work in patt to end of round. Next round: Work in patt for five stitches, cast on six stitches, work in patt to end of round.
Work in patt for another 2 1/2 inches, or desired lenght.

Bind off stitches using picot edge bind off. Finishing: Weave in ends.
PICOT EDGE BIND OFF:
*Cast on two stitches. Bind off four stitches. Return stitch on right needle to left needle; repeat from* to end of round.

Don't forget my yarn dying kit giveaway Pattern © 2011 Natalie Gonzalez. Please e-mail me at natalie.knit@gmail.com if you wish to make these to sell. Do not reproduce and redistribute pattern. Any questions or comments? Feel free to e-mail me!
If my fingers appear dirty in these pictures, it's because, well, they are. They're stained with soot. Long story.