Called “Fair Isle Fez” in The Ultimate Hat Book.

Link to PDF available for purchase through Vogue Knitting: http://store.vogueknitting.com/p-2595-fair-isle-hat.aspx

Standard fitting, stranded knit cap worked in the round using two colors.

MATERIALS

• One 1-3/4 oz/50g hank (each approx 164yd/150m) of Cascade Yarns Cascade 220 Sport (wool) each in #8555 black (MC) and #8505 white (CC)
• One each size 4 (3.5mm) and size 6 (4mm) circular needles, 16”/40cm long
• One set (5) size 6 (4mm) double-pointed needles (dpns)
• 2 size 4 (3.5mm) dpns for I-cord
• Stitch markers

Designer’s blog post on the hat.
Designer’s blog post for tassel instructions.