Here’s my innovation of the evening (or morning, when I tested the idea I had in the middle of the night): a true moebius cast-on that can be done on two average-length circular needles, and then transferred to a long circular needle.  If you’re already familiar with the Figure-8 Cast On, you can get started right away.  If not, there are tutorials on Flickr and YouTube.  Once you’re steady on the Figure 8, it’s time to start your Moebius.

1. Hold two circular needles of the same size and approximate length, and cast on your desired number of stitches (plus a few spare) using a Figure-8 cast on. 
2. Place one of those little hat doohickeys onto the ends of your circular needles, or pinch the ends of the yarn tightly.  Recount your stitches, ensuring you have the desired number of stitches on both top and bottom.  If you have a few extra, figure out exactly how many extra you have.
3. Hold the work in front of you, so the needles are parallel to each other.  Switch the order of the needles, so that the top needle in the left hand is the bottom needle in the right hand, and the bottom needle in the left hand is the top needle in the right hand. 
4. Remove the holder thingy from the end of the top needle in your left hand, drop any extra stitches you had, and knit ten stitches with the bottom needle in your right hand.  (This is to ensure the work is safely joined without losing any stitches at the beginning or the end.)
5. Next, pick up your long circ, and knit around in whatever pattern you’re using for your Moebius.  (This is where, if you don’t have the little hat thingies on the ends of your circs, you could drop stitches and wreck the whole thing, so if you don’t have the hat thingies, be really, really, really careful).
6. When you knit around to the end of your second needle, put the hat thingy back on all your needle ends and recount the stitches. 
7. Place a marker at the join (ten stitches before you get to the end of the second shorter circular needle), and happy knitting!

So there you have it – how to do a Moebius CO on two circular needles, and transfer them to a long circular. 

 To download a pdf that includes the above, and instructions on how to knit this moebius on 3 circular needles, click here.