This poncho is worked from the top down in the round. It has a simple (drop stitch) lacy element to lighten the weight and the look. It can be knitted in solid colours but looks really amazing in the Super 10 multi-coloured yarns.
The size can easily be increased by changing the frequency of stitch increases and/or the length. The sample in the photo took about 3 and 1/4 skeins.
Patterns are available free with yarn purchases from Bulldog Krafts.