I decided to block the cape to show off the lacy pattern and to maximize the legnth. I think this will improve the drape too. I soaked the cape in warm water, gently squeezed it to remove some water. I used a small hammer to tap pins into the porch in order to gently and evenly(kinda!) stretch it out.
Links:
[1] http://www.flickr.com/photos/24876649@N06/2443750296
[2] http://crochetme.com/forum/unfinished-giftie-blanket-2-garden
[3] http://crochetme.com/forum/it-finished-or-missing-something