I work a couple of days a week in a beautiful clothing boutique.  24 really cute cowls arrived and sold out in two days which inspired me to try to make one of my own.  It didn't turn out exactly like the one in the shop, however, I was pretty pleased with the results.  And I absolutely love the stitch.  (Although, I still don't know the name of it.)
I put it in a pdf file so that you can print it.  Check above under "simple knitting patterns".  And also, here are the simple directions.  (Check your stash for a bulky yarn!)  If you have any problems with the pattern, I put together a youtube video to help!  Click here!

Bella

Materials:
2 skeins Wool of the Andes, Bulky (137 yards each.  This is wallaby.)
Size 13 needles
Crochet hook

Pattern:
Cast on 80 stitches loosely.

Row 1 :: *k2tog, yo 2x, k2tog repeat from * to end
Row 2 ::  *p1, (k1,p1) into yo, p1 repeat from * to end
Row 3 ::  k2 *sl 1, k1, psso, yo 2x, sl 1, k1, psso  repeat from * to last 2 sts, k2
Row 4 ::  p2 *p1 (k1, p1) into yo, p1  repeat from * to last 2 sts, p2

Repeat these 4 rows until piece measures approximately 14 inches ending with row 4 of pattern repeat.  Bind off loosely.
Using extra yarn cut approximately 80 pieces of yarn measuring 11" each. Using a crochet hook, attach fringe along cast on and bind off edges. (As much or as little fringe as you'd like.)  Sew together along side edge.

If you get knitting you can have this finished in no time for gift giving!
(Feel free to email me with any questions.)