The knit stitch is formed in the same way, but instead of throwing the yarn, you wrap the needle around the yarn.
A great way to use the knit stitch is in a simple scarf.
Each type of yarn you use will make a very different looking scarf and allow you to increase your wardrobe easily, even if you never learn more than the knit stitch.
The knit stitch is the basic foundational stitch for all knitting projects.