Square Poncho Crochet Pattern: Penny Poncho

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. I love finding ways to use partial skeins of yarn, and the more you use, the more fun the Penny Poncho becomes. So dig through those bags, bins, closest, and cubbies and find your odds and ends to make some magic.

The Penny Poncho is part of the CAL Central Crochet Holiday Stashdown CAL. Find more details HERE.

How the 2020 Holiday Stashdown CAL Works

Every Monday and Thursday from September 21 through December 17, 2020, we’ll share a free crochet pattern by a different designer. Each pattern will be a one-skein project, or a stashbuster/scrappy project, so you can work from your own existing yarn stash to make a great winter holiday gift, decoration, or wrap. If you’d like to go ahead and buy some yarn just for the project, we won’t stop you! We love yarn as much as you do.

We’ve teamed up with thirteen wonderful companies – Babé Crochet, Bags by Awesome Grannie, Clover USA, GlassEyesOnLine, I Like Crochet, JitterBeanMugs, Knitter’s Pride, Kraemer Yarns, Nelsonwood, Search Press North America, Unicorn, Walnut Farm Designs, and WeCrochet – to gather some amazing prizes for our end-of-CAL giveaway. Don’t forget to enter the giveaway in this post on Underground Crafter by 11:59 p.m. on Thursday, December 31, 2020!

Penny Poncho

Crochet Pattern
Easy Skill Level
Designed by Jessie Rayot

Supplies

Size
Junior (Regular, Plus)
Neck opening 24 (28, 32)
*Note: The only thing different in the sizes is the neck opening. Therefor someone who is a larger size may still want to make a smaller size, and vice versa. It’s really a matter of preference as to what size neck opening you want.

Yarn
Lion Brand Heartland: (100% Acrylic), Size 4 (11 wpi, worsted weight), 251 yds / 142 g (yds/g = 1.77)
Magic Cake, (885 yds / 500 g) used in sample. Amount needed will vary by yarn and length of poncho.
-or-
Magic Cake of nearly any yarn and the coordinating hook.

Hook
5 mm (US H/8) – Furls Streamline Swirl used for sample

Gauge: Learn about gauge HERE
5 sts x 9 rows = 4” [10 cm] in pattern (vst, ch 1) across

Other supplies
yarn needle
4 stitch markers

Stitches and Abbreviations: click on highlighted sts for tutorials
ch – chain
dc – double crochet
fdc – foundation double crochet
pm – place marker
rnd – round
sl st – slip stitch
sp(s) – space(s)
st(s) – stitch(es)
( ) – work step in parentheses in indicated stitch
[ ] – work step in brackets number of times indicated

Special Stitches

vst – v stitch: (Dc, ch 1, dc) all in the same st.
dch2 – doubled chain 2: Used as first dc of a round or row, in place of a ch 3. Insert hook in stitch, yo, pull through (2 loops on hook), yo, pull through both loops, there is now 1 loop on hook, and 2 loops coming off that loop, insert hook in the farthest of these loops, yo, pull through (2 loops on hook), yo, pull through both loops.

Getting Started

Read through all instructions before beginning
Rnd counts are at the end of each Rnd after the period, if the count has changed from the previous Rnd. {count here}
Chs and sl sts are not included in Rnd counts unless specified.
Learn how to make Magic Yarn HERE.

Pattern

Rnd 1: Fsc 88 (112,144), sl st to top of first fsc to form a loop. {88 (112, 144) sts}
Rnd 2: (Dch2, ch 1, dc, ch 1, pm, vst) in same st as sl st (counts as first 2 vst), *[ch 1, skip 3, vst in next st] 4 (6, 8) times, ch 1, skip 3 (vst, ch 1, pm, vst) in next st; repeat from * 2 more times, [ch 1, skip 3, vst in next st] 4 (6, 8) times, ch 1, skip 3, sl st in top of dch2, sl st in next ch 1, sl st in next dc, sl st in marked ch 1. {28 (36, 44) vst}
Rnd 3: (Dch2, ch 1, pm, dc) in same st as sl st (counts as first vst here and throughout), *[vst in ch-1 of next vst, ch 1] until 1 vst before marker, vst in ch-1 of next vst, vst in marked ch-1, place marker in vst just made; repeat from * 2 more times, [vst in ch-1 of next vst, ch 1] until 1 vst before marker, vst in ch 1 of next vst, sl st to top of dch2, sl st in marked ch 1. {32 (40, 48) vst}
Rnd 4: (Dch2, ch 1, pm, dc) in same st as sl st, *ch 1, [vst in ch-1 of next vst, ch 1] to marked vst, vst in ch-1 of marked vst, place marker in ch 1 of vst just made; repeat from * 2 more times, ch 1, [vst in ch-1 of next vst, ch 1] to end of Rnd, sl st to top of dch2, sl st in marked ch 1. {32 (40, 48) vst}
Rnd 5: (Dch2, ch 1, dc, ch 1, pm, vst) in same st as sl st (counts as first 2 vst), *ch 1, [vst in ch-1 of next vst, ch 1] to marked vst, (vst, ch 1, pm, vst) in next vst; repeat from * 2 more times, ch 1, [vst in ch-1 of next vst, ch 1] to end of Rnd, sl st in top of dch2, sl st in next ch 1, sl st in next dc, sl st in marked ch 1. {36 (44, 52) vst}