Updated 2016 for clarity, this was one of my first patterns, and while cute, could have been written better.
Size 7 circular needle for blanket
Set of size 4 DPNs for head, arms, ears and tusks.
3 OZ Worsted Weight yarn in body color
Small amount of white or cream yarn
Small amount of Pink yarn for inside of ears.
Small amount of black yarn for eyes.
Fiberfill for stuffing arms and head.