How to Knit a Hooded Collar with Schachenmayr Northern Yarn

You’ll Need:
2 skeins of Schachenmayr original Northern yarn (100% acrylic; 210m/100g);
Straight or circular knitting needles 5 mm.
Neck circumference: 53 cm.
Height of the hood: 33 cm.
Stitches Control:
2 x 2 rib: 18 sts x 26 rows = 10 x 10 cm;
Stockinette stitch: 16 sts x 26 rows = 10 x 10 cm.
Instructions
Hood
Cast on 108 sts and make 3 cm with 2 x 2 rib, start with WS row in the following way: 1 selvedge st, 2 purls, * 2 knit sts, 2 purls*; repeat from * to * to the last st, 1 selvedge st. Continue work with stockinette stitch to 22.5 cm height from the set-up row and knit the first 54 sts of the next row and turn your work, leaving the rest sts out of work, knit in the reversed order to the end of row. Bind off in the beginning of each WS row: 1 st x 4, 2 sts x 3, 3 sts x 2, then, 4 sts x 1 = 34 sts. In 30 cm from the set-up edge, bind off the sts.
Make the second part of hood in symmetry, bind off the sts in every RS row.
Collar
Cast on 96 sts and circle your work, place a marker at the beginning of the row and work with 2 x 2 rib for 20 cm, bind off the sts due to the ornament.
Assembly
Sew the upper part of the hood to the lower edge of the collar.
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Want to try it, only methods seem to be difficult to understand.Thanks for this lovely idea.
What does bind it off means.. Thanks