"Project Poncho" is the second segment of the thirty-sixth episode of The Emperor's New School.
Kuzco steals someone else's poncho design to win a fashion show from Project Runway. Meanwhile, two silk worms get revenge on Yzma for stiffing them after she makes them create a poncho so that she can enter the show.
- Curtis Armstrong as Mr. Flaco Moleguaco
- Miley Cyrus as Yatta
- Jessica DiCicco as Malina
- Courtney Peldon as Cuxi, Curi
- Patrick Warburton as Kronk
- Justin Cowden as Guaca
- J.P. Manoux as Kuzco
- Ben Stein as Mr. Purutu
- Eartha Kitt as Yzma/Amzy
- Candi Milo as Coach Sweetie
- Shane Baumel as Tipo
- "Project Poncho" is an allusion to the original fairy tale, "The Emperor's New Clothes" because Yzma is fooled into believing she is wearing a poncho when she really isn't.