This square poncho crochet pattern features an easy v-stitch with four increases giving the Penny Poncho a playful handkerchief hem. With a 3 round repeat, this square poncho is easy to make and is a great project to take with you in waiting rooms, pick-up lines, road trips, and crochet and knit groups! Use your scraps of yarn to make magic yarn and turn them into fashion. I made mine with nearly a dozen colors of Lion Brand Heartland yarn that I had in my stash.