There is actually a Youtube video on how to do this. 
ITK?  Sounds fucking stupid to me.  I'm sure Jason is a lovely guy but this? 
John Simons is/was reputed to remove the lacing altogether.  Our Gibson will probably confirm or deny this.  I would have thought it a fine way to fall on your face.

Mm, thanks, I'm hip to its meaning.  But what does it actually mean?  If anything?

I'm probably the least ITK, 'sussed' person on 'Talk Ivy'.  The late JFM, bless him, used to say how cool I was by just shrugging my shoulders.  I expect he at least half meant it.
Now I'll let others have their say.

Off-topic, WIL, and I do apologise, but those Sebago could be buggers for cutting your feet when you were least expecting it.  I remember venturing out, bright as a button, in a Madras half-sleeve, Bill's shorts and the aforesaid and returning home looking for sticking plaster.

Ah, but you're probably 'sussed'.  You take the sticking plaster with you.

I need to look it up but, unlike Woof, I have yet to find the courage to do so. As it's rated unsuitable for rucking and I'm planning on returning to the UK soon, I'll cast another dissenting note, without even having seen it. Plus I detest sprezz.

(Although I am presently wearing chinos and an ocbd with no belt - does that count as sprezz? I may add a belt when I actually leave the house.)

That Eastland knot looks overcomplicated to me. My knot tying skills have diminished over the years so I won't be using it full time. Having said that I've got a couple of pairs of boat shoes and the laces are always coming undone.
I might try doing it but the end result  does look odd