Image courtesy Ro Willcott
(Note from Ro: This is a VERY stretchy hat. I am sure that if I tried it on, it would fit me. Very easy pattern to follow, and it is quite appealing to the eye)
Rightward Decrease (RD):
Lefties: sl1, k1, psso
Righties: k2tog
Leftward Decrease (LD):
Lefties: k2tog
Righties: sl1, k1, psso
In next rnd, K 1 rnd, increasing 6 st (after every 17th or 18th st).
Change to larger needles.
Rnds 1-3: (P1, K12, P1) 8 times
Rnd 4: (P1, K12, P into F and B of next st) 8 times
Rnds 5-7: (P1, K12, P2) 8 times
Rnd 8: (P1, K12, P1, P into F and B of next st) 8 times
Rnds 9-11: (P1, K12, P3) 8 times
Rnd 12: (P1, K12, P1, P into F and B of next st, P1) 8 times
Rnds 13-15: (P1, K12, P4) 8 times
Rnd 16: (P1, K12, P1, P into F and B of next st, P2) 8 times
Rnds 17-19: (P1, K12, P5) 8 times
Rnd 20: (P1, K12, P2, P into F and B of next st, P2) 8 times
Rnds 21-23: (P1, K12, P6) 8 times
Rnd 24: (P1, K12, P3, P into F and B of next st, P2) 8 times
Rnds 25-27: (P1, K12, P7) 8 times
At this point, you will have 160 st.
Continue as rnd 27 until hat measures 4" from beginning.
Then begin decreasing as follows:
Lefties, working counterclockwise: Sl first st, *K10, leftward dec (using last k st of k panel and first p st of p panel), P6, rightward dec (using last p st of p panel and first k st of k panel), K10, LD, P6, RD* until last panel, when you will K10, LD, P6, and then RD incorporating first (slipped) stitch of round.
Righties, working clockwise: Sl first st, *K10, rightward dec (using last k st of k panel and first p st of p panel), P6, leftward dec (using last p st of p panel and first k st of k panel), K10, RD, P6, LD* until last panel, when you will K10, RD, P6, and then LD incorporating first (slipped) stitch of round.
Next 3 rnds: (K12, P6) X 8
Lefties' decrease rnd: Sl first st, *K10, leftward dec (using last k st of k panel and first p st of p panel), P4, rightward dec (using last p st of p panel and first k st of k panel), K10, LD, P4, RD* until last panel, when you will K10, LD, P4, and then RD incorporating first (slipped) stitch of round.
Righties' decrease rnd: Sl first st, *K10, rightward dec (using last k st of k panel and first p st of p panel), P4, leftward dec (using last p st of p panel and first k st of k panel), K10, RD, P4, LD* until last panel, when you will K10, RD, P4, and then LD incorporating first (slipped) stitch of round.
Next 3 rnds: (K12, P4) X 8
Lefties: Sl first st, *K10, leftward dec (using last k st of k panel and first p st of p panel), P2, rightward dec (using last p st of p panel and first k st of k panel), K10, LD, P2, RD* until last panel, when you will K10, LD, P2, and then RD incorporating first (slipped) stitch of round.
Righties: Sl first st, *K10, rightward dec (using last k st of k panel and first p st of p panel), P2, leftward dec (using last p st of p panel and first k st of k panel), K10, RD, P2, LD* until last panel, when you will K10, RD, P2, and then LD incorporating first (slipped) stitch of round.
Next ONE rnd: (K12, P2) 8 times
Next rnd: (K12, P2tog) 8 times
After this rnd, you will have 104 st
Next rnd: (K12, P1) 8 times
Next rnd: (K5, [K2tog OR sl1, k1, psso, whichever you think looks best], K5, P1) 8 times
Next 3 rnds: (K11, P1) 8 times
Lefties: (RD, K7, LD, P1) 8 times
Righties: (LD, K7, RD, P1) 8 times
Next 3 rnds: (K9, P1) 8 times
Lefties: (RD, K5, LD, P1) 8 times
Righties: (LD, K5, RD, P1) 8 times
Next 3 rnds: (K7, P1) 8 times
Lefties: (RD, K3, LD, P1) 8 times
Righties: (LD, K3, RD, P1) 8 times
Next 3 rnds: (K5, P1) 8 times
Lefties: (RD, K1, LD, P1) 8 times
Righties: (LD, K1, RD, P1) 8 times
Next 3 rnds: (K3, P1) 8 times
You have 32 st
Next rnd: (double dec, P1) 8 times
You have 16 st.
K 1 rnd even.
Next rnd: K2tog all around.
You have 8 st.
K 1 rnd even.
Next rnd: K2tog 5 times.
You will have 3 st remaining.
Knit I-cord for 6" or desired length.
At end, K3tog, then cut end and put through loop. Use this end to attach tassel, pompom, bell, whatever you choose.