Cable poncho - this is a retail item ~ two rectangles, stitch to desired arm opening ~ stitch to form shoulders leaving a collar opening. pick up stitches for generous rolled collar . Hmm think this is doable!
Neat granny square poncho looking idea. or maybe mini-cape since it has that hat. Is similar to something I saved a while back yet really different. Its colors and that fringe gives it a mix of hippie and Native American feel.