Knight Rider LED Circuit

Let me start by saying that I'm not the one who came up with this, and I am in no way claiming credit for this. With that said, I wanted to make something for the Kit Design Speed Challenge, so I dusted off my middle school I.T. notebooks and came up with this. I made this schematic on Upverter, which, in my opinion, is very useful, because it allows you to make schematics easily, and tells you what parts you used, in what quantity and where you can get them. This is a very simple design good for beginning to intermediate electronics, and is a good project for middle school technology classes. To see this schematic in greater detail, you can see it here. Comment if you have any questions/ comments.

Step 1: Materials

Materials:                                             QTY:

8.2 KΩ....................................................1
3.3 kΩ Resistor.....................................1         
Resistor 1 k ohm 0805........................ 6
1N4148 Diode......................................10
LED..........................................................6
10uF SMD Cap......................................1
0.01 uF C.................................................1
555 Timer................................................1
100.00 kΩ R............................................1
10KΩ Resistor SMD..............................1 
4017.........................................................1 
Extra wire (optional, but suggested)
Breadboard (optional)