So many aspects of the poncho seem to be you. You asked to be talked off the cliff, sort of, so how about this question:
Is it fussy to wear? Or better, is it too fussy for you to wear? Do you put it on and feel wrapped in joy? Apparently yes: "oh how I love it!".
I like it on you, perhaps because of the compelling juxtaposition of skulls and cosy, combined with the color. Personally, I am getting lazy about managing lots of details in my garments and would likely feel I had a frisky puppy on me the whole time I had that amount of fringe on. And I know for others, the "puppy factor" would clinch the deal.
I'm hoping you keep it, in part because of how enthusiastic you are. Because everyone needs a little perk once in awhile as my mother used to say. Maybe substitute "wild card" for perk.