This pretty poncho/cowl/skirt will place you into the limelight for sure, however you choose to wear it. There are color, texture and yarn weight changes knitted in the round with plain knitting, steady eyelet increases and a beautiful lace border.
The neckline is generous on purpose so you have the option to wear it as a skirt. You have however options to make your neckline smaller, see Part 1 of pattern.

This poncho is oversized and will fit all sizes. Written pattern, with chart for the lace border.

A big thank you to the test knitters!

Yarn
C1 to C7: 1 Yarnology skein, 238 yards in 7 varying yarn weights and colors by Yarnz2go.
C8: 1 skein of Bambolino, a sport weight yarn, 165 yards a skein, used 125 yards.
Knit kits are available at www.yarnz2go.com

Alternatively use 7 portions of 34 yards each in fingering, sport, DK and worsted weights.
Plus the sport weight yarn as mentioned above.

Notions needed
Optional size 8 needle for smaller neckline.
US size 10 (6 mm) circular needle 16” (41 cm) in length.
US size 11 (8 mm) circular needle 29” (74 cm) in length
Stitch markers- 1 special color or style to mark the beginning and 18 repeat markers.
Darning needle or crochet hook for finishing

Techniques used
Knitting in the round, changing colors, increasing, lace knitting, stretchy bind off and blocking (optional, sample as shown only the bottom lace was blocked).

Enjoy your pretty Limelight!