I once had a cashmere round cloak; it had two arm holes, and I would wear it like a little red riding hood.
It was super cute but it made of cashmere so it was a little thicker and didn't slide. I am still waiting for my store to have the CW THAT I wanted. My plan for this silk is to have a tailor to cut two arms holes and turn it into the cape for me.
I have purchased before the lockdown and was immediately drawn to its versatility. Mine is a CW as in the picture in the opening post, and the contrast hem just falls effortlessly. I do not really tie it, just gather it and flip around my neck. Looks great over black clothes - cashmere rollneck, sweater dress, etc. Does not need much faffing - just throw it on.