I was lurking on Ravelry, on a dyer’s forum called “Love to Dye“, when I came across a topic about self striping yarn. Eunny Jang has a fantastic “how to” on her web site which will explain how to dye yarn like the above, which turns into this when you knit socks from it:
She dyed this with Kool-Aid, another cheap and easy method for dyeing. Reading Eunny’s blog post makes me really excited to give this a try. Anyone up for it?