Poncho

Yarn - 4 ply worsted weight
I used Red Heart Super Saver Yarn in Wedgewood Multicolor

Hook - 6.00mm or J hook

Made this ponch to fit a 6 year old. However, as it will also fit over my head, you could make it to fit older children and adults just by adding more rows on the bottom.

Abbreviations used:
st - stitch
ch - chain
ss - slip stitch
sc - single crochet
 dc - double crochet
beg - beginning
tog - together
Vst - V-Stitch
How To Make the V-Stitch - a V-Stitch is 1 dc, ch 1, 1 dc made in the same space. 

Ch 72, ss to join (be careful not to twist the chain), ch 1
RND 1 - 1 sc in each ch, ss to join. (72 sc)
RND 2 - Ch 4 & 1 dc in first sc, skip 2 sc, *1 dc, ch 1, 1 dc (V-Stitch)
in next sc, skip 2 sc* repeat from * to * 3 more times. In next sc V-Stitch, ch 1, V-Stitch (this is a V-Stitch increase - it makes first shoulder point) Skip next 2 sc, (V-Stitch in next sc, skip next 2 sc) 5 times.

In next sc V-Stitch, ch 1, V-Stitch (this is a V-Stitch increase - it makes the front point) Skip 2 sc, (V-Stitch, skip 2 sc) 5 times. In next sc, Vst, ch 1, Vst (this is a V-Stitch increase - it makes second shoulder point), skip next 2 sc (Vst in next sc, skip 2 sc) 5 times. In next sc, Vst, ch 1, Vst (this is a V-Stitch increase - it makes the back point), ss to join to the 3rd ch of the ch 4 at beg.

RND 3 - ss in ch1 space of 1st Vst, ch 4 & 1 dc in first Vst, Vst in next 5 Vsts, Vst in the ch 1 space of shoulder point (you don't do a Vst increase here) . Vst in next 7 Vsts, Vst in ch 1 space, Vst in next 7 Vsts, Vst in the ch 1 space of next shoulder point (don't do a Vst increase here), Vst in next 7 Vsts, Vst in ch 1 space of back point, Vst in next Vst, ss to join to 3rd ch of ch 4 at the beg.

RND 4 - ss in ch 1 space, ch 4 & 1 dc in first Vst, Vst in next 5 Vsts, Vst increase in Vst at the shoulder point, Vst in next 7 Vsts, Vst increase at front point, Vst in next 7 Vsts, Vst increase in the Vst of shoulder point, Vst in next 7 Vsts, Vst increase in next Vst of shoulder point, Vst in in next 7 Vsts, Vst increase at back point, Vst in next Vst, ss to join.

Alternate Rnds 3 & 4 - every second row you Vst increase at all points. The Vst count between the points will increase with every new Rnd. Do as many Rnds as you need to make the poncho the desired length, end with a Rnd 4. On the poncho  made,  did 28 Rnds of Vsts.

Fringes - Cut a piece of cardboard that is 3 and a half inches in length and about 4 or 5 inches wide. Wrap yarn aound the cardboard and cut at the bottom. Make 9 or so fringes at a time as I found it hard to handle if made anymore. Attach a fringe to each ch 1 sp of each Vst. To attach fringe, fold the yarn in half and push the folded end down through the ch 1 space, pull the loose ends through the loop of the folded end.

Tie - Make a chain the desired length, then sc in each ch. Weave it through the first row of Vsts.