Yup - the little one in your life needs this!
The Kar Tanesi Poncho by Plymouth is knit using Kar Tanesi Baby, a super fun textured yarn with great yardage! Wide size range too (6 mos to 6 yrs).
6 mos - 1 skein Kar Tanesi Baby
12 mos to 2 years - 2 skeins Kar Tanesi Baby
4 yrs to 6 yrs - 4 skeins Kar Tanesi Baby
It's knit using size US 8 needles (or size to obtain gauge)
This pattern is available as a PDF download.