Page 300 - Buck Tilton - Outward Bound Ropes, Knots, and Hitches 2 ed.

Bring the end indicated in the photograph (the
end hanging down to the left side in the step 1

photo) up through the loop in your palm as shown
in the photograph.

Depending on the object to be hung from the lanyard,
sometimes the item must be strung onto the cord prior to

the tying of the knot. Sometimes the object can be tied to
the fixed loop by way of a girth (or ring) hitch (see page 81).

Enthusiasts will notice that this knot is a relative of the
carrick bend. Though it appears complex to tie, it’s really
not that difficult; just have patience tightening the knot.

Knife Lanyard Knot: Step 3