It's the back of a sweater. A raglan sweater..from the Rowan book...and it's pretty dull, if I do say so myself. THe original sweater in the book had a bit of intarsia on it, but I don't Do intarsia, so it is a solid color. It's Rowan Botany...a great yarn that is sadly discontinued.
But note the sort of rickrackiness on the bottom which gives the sweater a bit of a punch. Just a bit. Don't want to OverDo.