I put together a youtube video and some step by step graphics. (Hint, my next pattern might have some figure 8 stitches in it!) Here’s the video:
Okay, now the images.
Step one: Wrap around peg 2 with the working yarn, going behind peg 1 and behind peg 2 from back to front
Going from behing peg 1 from front to back, looking like an 8 above, wrap peg 1, the yarn should come out front center
Yarn over peg 2 first (important) and then peg 1.
This is what your finished stitch will look like.