That's a fair isle sweater a woman knit for her son when he went off to college and that's the inside of the sweater. The "ugly," non-public side. When the woman explained how she knit the sweater, she completely lost me. But, somehow, there's seams in the sweater and she doesn't like the look of seams. So she covered them. However, she knit the college's motto into one seam cover and, on the other, her son's name and year he would graduate.
As gorgeous as the outside of the sweater was, the inside was magnificent!
I'll never, ever be this caliber of knitter--but--seeing what is possible is inspiring.