I would actually wear one of the ponchos immediately. Then I would take the second poncho and skin the hood with my knife of choice. The remaining body is then slit in two equal rectangles. Utilizing the large awl from my PSK, I then make a series of holes down the long edges . The paracord is then cut into several short lengths, tied in a series with hanging edges for fringe to form two leggings. I take another length to tie the leggings to my belt loops.The remaining hood has just become rain bucket, bandanna etc. Then I make a proper shelter with natural shelter and added materials. Addendum: The fringe acts as a wick to draw water down and away from the garment, and is not just for show <img src="images/graemlins/tongue.gif" alt="" />