I've called Nordlys an infinity shrug. It's worked flat then the short edges are joined to form a loop. You can wear it in a long loop around your neck or twist it around your neck twice. If you allow it to drop down across your back, it's a delightful shrug. I'm actually wearing mine like that now and it's keeping me toasty warm while I work at my desk. And this morning when I popped out I wore it as a scarf, wrapped twice around my neck.
Nordlys is currently available as a pdf pattern either separately or part of the Lace Wear Volume Two collection (please remember that if you live in the EU, you will be charged your local VAT rate on pdf patterns).