My first original post. Hope it works out!
I saw this today on eBay. Check out the close-up pictures. This could totally be knit on biggish needles with novelty yarn:http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=009&item=190037326545&rd=1&sspagename=STRK%3AMEWA%3AIT&rd=1
Note they very thoughtfull tell you the yarn is 79% mohair, 19% wool, and 2% polyacrilicsomething. And the lining is poly/cotton mesh.
Essentially, it's a big-gauge sweater on a lace-y cotton lining with a mess of big loops.
Even if you paid $200 for the really good yarn, you'd still save enough to buy a good used car. You could use $50 of cheaper yarn, and get a decent sound system.