Step 1: Choose a great pattern and you're all set
There are many different patterns in this book, both for knitting and crochet, but the one I like in particular is the pattern called "Knit Wide Scarf" and it is the one illustrated on the front cover.
If you don't have time to buy the book, there is also a free pattern for a similar shawl on the Lion Brand web site http://www.lionbrand.com/patterns/khs-prayerShawl.html which has a fringe.
Step 2: Lion Brand Homespun yarn is perfect for this project
I like this yarn as it is soft and easy to work with and knits up quickly and beautifully.
I am using 10 1/2 circular needs and three skeins of a shade called Noveau which has hints of brown gold and purple throughout and looks lovely when the item is finished. As you can see the pattern is nice and lacy looking. (my cat liked it too!)