I called this the Ornamental Shawlette because not only will it ornament your lovely body, but for some reason when I look at the stitch pattern it reminds me of Christmas ornaments hanging from the tree. The yarn even has a little glitter/tinsel to it!
The directions call for a rectangle shape when finished to keep it as a one skein project but if you have more yarn available you can continue on in pattern for a square or even a shawl.