This multi-tasking loom is my DIY version of the commercial All 'n one knitting board It seemed like an easy wood-work project and looms in general are expensive and fairly hard to come by down my side of the woods.
Using the 2 small spacer blocks it is possible to use it as a knitting board, either single knit or double knit and using the pegged spacers it is a variable peg round loom.
I had some left over pallet planks and decided to use that, which in hindsight wasn't really a good idea, the DE-HT (Denmark- heat treated) pine is soft and all the pulling and tugging tends to loosen the pegs.
Rather use a hard wood for the dowel, bamboo skewers tend to splinter very easily and pine is too soft and easily damaged by the metal loom hook.
The usual cautions apply when using power tools, eye n ear protection.
A drill press can slap you wide awake with a 16inch pine batten if you're sleeping and forgot to clamp the work piece down.