No way, dude. This trend was cool for about 15 seconds like 3 years ago, and people are still wearing these things!!! This is a fashion crime if I ever saw one! It's hideous and unflattering and not fashion forward at all. If you're cold, wear a jacket. If you feel fat, work out. Just remember, "Friends don't let friends wear ponchos."
Here's a quote from an online newsaper (
http://www.slate.com/id/2108192/) that was published in 2004, during the height of the poncho trend. (Yes, that's right, it started that long ago.)
"These are neither fabulous Mexican handicrafts nor your grandmother's thick, hand-knit works of art. (You know that skill is not required when instructions for creating a "paper bag poncho" can be found on the Web.) And a few words about fit: It's a simple rule of fashion that one-size-fits-all, like elastic waistbands or pantyhose with sandals, is never a good idea. Unless the fabric is exquisite or the wearer excessively thin, the poncho's room-enough-for-two cut, rather than hiding figure flaws, makes most women look bulky and misshapen..."