I like the waffle stitch and the pattern in the book, Little Boxes, looked quite similar. However, a key difference is that the stitches in Little Boxes are less pronounced than in the waffle stitch.
The stitch pattern is very simple as well, so it was quick to work up. It wasn't as fast as some of the others but definitely took less time and yarn than the Ladder stitch. This square was worked using a K hook and Lion Brand Pound of Love Pastel Green. I really like this yarn; it's much softer than the Caron One Pound and was the same price on sale. These pictures don't do justice to the pretty color of the yarn!
And here are some pictures of the Waffle stitch square I had made previously, for comparison: