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Southport

Knitting
Worsted / 10 ply (9 wpi) ?
17 stitches and 32 rows = 4 inches in 2x2 Rib
US 4 - 3.5 mm
131 - 148 yards (120 - 135 m)

This is a very simple, top-down ribbed hat that can be made as slouchy or as un-slouchy as you want. Fold up the edge, and you have a cozy beanie. Fold only the bottom, and you have a luxurious slouchy cap.