I've made this capelet twice, and the second time I just didn't do any of the yarn overs when you're knitting into the same stitch, and it turned out really well. Either doing that or just dropping the yarn overs should make it turn out right.
I'm trying to make the Spiderweb Capelet, and I'm totally mystified by the 4th row. What do I do when it says "sl2 purlwise, k2tog, pass 2 slipped sts over, K1 without dropping st off needle, yo, p1 without dropping st of needle, yo, k1 without dropping st of needle, yo, p1 and drop st off needle"? Am I just passing the slipped stitches over the k2tog stitches? Or am I passing them over all the sts? When it says "K1 without dropping," does that mean I leave the stitch I just knit on the left needle? Do I then reknit into that stitch, or knit the next stitch?