Yo Yo cape by Nicky Epstein

Yo Yo cape

15 stitches and 24 rows = 4 inches
in Stockinette stitch on largest needles with both yarns held together
US 5 - 3.75 mm
US 8 - 5.0 mm
US 9 - 5.5 mm
US 4 - 3.5 mm
5.0 mm (H)
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From the pattern:
Nicky Epstein is a master knitwear designer with a penchant for originality, especially when it involves embellishment. For this colorful mohair and wool cape, she melded stripes, embroidery, an I-cord frog closure, plus her latest innovation, knitted “yo-yos,” or disks made by gathering the cast-on and bind-off rows of short knitted rectangles. Make the cape in a size small and wear it so that it opens at the side (as shown) or make it larger and wear it so that it opens in the front.