With its slipped stitches and lace work, this poncho is made simply by knitting a rectangle and seaming a portion of one side.
Scarlet Sage - page 8
Corrections in bold.
Cast on 91 sts. Work even in Honeycomb St until piece measures approximately 10", end on WS with Row 4.
Inc Row (RS) (K2, M1) twice then (k3, M1) 29 times - 122 sts.