Interlaced sprang is created by working alternating rows of S-twist and Z-twist. The resulting fabric is identical to weaving, except done on a slant and without a weft thread.
Interlacing can be done one thread over one thread, or it can be done two or three threads passing over and under two or three threads. In this method, a kind of ribbing or herringbone pattern can be created.
Interlacing has less horizontal stretch then interlinking, though more then traditional woven fabric, and a bit of vertical stretch.
You can learn how to make the triangle scarf to the left here.