Knit to the point where you want to bind off
Knit 2 stitches
Insert the left needle into the first stitch on the right needle
Lift the first stitch over the second stitch and off the right needle
Knit 1 stitch
Repeat: lift the previous stitch over the new stitch and off the needle
Continue until you have one stitch left on the right needle
Cut the yarn, leaving a tail
Pull the tail through the last stitch to secure
Weave in the yarn tail