I bought some in Tropical a month or so ago to make a bathing suit for this coming Spring. I haven't knitted with it yet, but they had a sample at Jo-Ann's that just looked gorgeous
. I couldn't resist.
I think it would knit up best at a tank top, or maybe on big needles as a summer hat. You could even line the outside of a bag with it! Or make JEWELRY!!!
Here's a free pattern of a poncho: http://www.modadea.com/patterns/LM0159.htm
Oh, and the "Elongated Scarf" pattern on KH would be good for this.
I couldn't find anything else, but there are some ideas for ya. Good luck, and I can't wait to see what you make!
I'll post a photo in a couple of months once I get around to making my suit. Woohoo!