OK that isn't the name of the pattern, but it really is EASY! Quick knit, a day or two to knit. You will need to wet block this poncho. Even with the I cord edge it wants to roll, even after getting the poncho really wet and blocking it, the edge still rolled just a bit.
Here is the pattern, free ravelry download, I Want That Wrap. I used a worsted weight yarn and a size 8 needle (I do knit loose so you could easily use a 9 as called for in the pattern). And I even did a gauge swatch, which I rarely do. I ended up adding stitches, 20 or so, to the pattern, knowing the width was 21 inches. If I had not done a gauge swatch, I would have been very disappointed. I did not repeat the stripe (purl) pattern, I just added knit stitches. But it came out beautiful! I decided that I would make this one for my friend, Nancy, this pumpkin color is really her color, and I think the poncho looks so beautiful on her.
So if you are looking for another quick and easy present, this is a great choice.