A hybrid of an unnamed seedling x H. 'Hydon Sunset', this cultivar was registered by Mary Chastain of Lakeside Acres Nursery in Tennessee in 1994. It grows into a small size hosta about 8 inches tall with a spread of around 25 inches in width. The leaves are ovate shaped and of average substance. Pale lavender flowers bloom in July on 27 inch tall scapes followed by viable seeds.

According to The Hostapedia by Mark Zilis (2009), "The foliage color of 'Lakeside Knickknack' varies considerably from garden to garden. The true plant has heavily streaked foliage, but a number of stable chimeras usually can be isolated from mature plants. In fact the specimen at Lakeside Acres had three distinct leaf types, including streaked, white-margined and white-centered.

The New Encyclopedia of Hostas by Diana Grenfell (2009) states: "Makes a good pod parent for variegated progeny...Flowers have a repeat blooming tendency, sometimes up to three periods each summer, setting seed each time."