The Stripes texture node generates a stripe pattern consisting of a base color and two stripe color parameters (figure 1).
Figure 1: The Stripes node and it's associated parameters
Base Color - Determines the base color underlying the other stripe colors.
Stripe Color 1 - Determines the color of the vertical stripe.
Stripe Color 2 - Determines the color of the horizontal stripe.
Blur - Softens the edges of the stripes.
Thickness 1 - Determine the width of the vertical stripe.
Thickness 2 - Determines the width of the horizontal stripe.
UVW Transform - Positions, scales, and rotates the surface texture.
Projection - Sets how the texture projects onto the surface.