It looks like a small round tablecloth. It's a little bit too hippy-ish for my taste, but still, I like this piece. It turned out to be a size 14 - 16; too big for me, but on the right person, this could be a knock-out!
Here's a shot of it a few days ago, when I had about 3 rounds left:
And here's a couple of shots of the back of the finished vest:
And finally, the detail of the front...the green top kind of clashes and the wooden button is hidden by the crocheted lace, but I hope you can get the idea of the thing...this vest is for sale.