I've been doing skip trowel for about 15 years here in Beautiful Brevard County,Fl. It's very similar to a light stucco finish. It's done by hand and I use a 12" knife and a hauk.
That's how we do it here in the Melbourne,Fl area. But, The name "skip trowel" is a regional thing. It can be a totally different texture depending on where you are located around the United States.
Here's a picture of my Skip Trowel.

After applying the skip trowel texture, it is necessary to prime and paint the ceilings after they have been skip troweled.

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