www.fleecefun.com has a free pattern for this super easy "red riding-hood" cape. Pattern is for child or adult. It took me about 1/2 hour to sew (and sewing is not one of my strong suits).
Miss.-2yr-old is currently fascinated with the fairy tales, she has been wearing this nonstop for two days.In process of thinking about creating a wolf jacket for Mr.-1yr-old for this fall.... imagine seeing them at the grocery store with this cape and a wolf jacket! Adorable!