Holey Moley by Sue Kawamoto

Holey Moley

September 2004
Worsted (9 wpi) ?
11.8 stitches and 15 rows = 4 inches
in diagonal bar pattern
US 15 - 10.0 mm
525 yards (480 m)
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This pattern is available for free.

Description from Knitty.com:

Here is an easy poncho that starts as rectangles and ends as a triangular delight.

Knit in a simple mesh pattern that's easily memorized, in South West Trading Company's Illusion yarn

Illusion is a Soy Silk yarn with a fine lurex thread through it, giving the yarn a subtle shimmer.