Materials:
Size 11 circular needle (or double pointed needles)
Size 10 circular needle (or double pointed needles)
Cable needle
1 skein any worsted weight yarn
I used various yarns from tag sales to make the hats in different colors, using less than one skein each time.
Instructions:
Pattern available here.
The red yarn was a bit thicker than the pattern called for, but I just skipped the last "work rows 1-6 one time" before beginning the decrease.
Also, for all hat colors, I switched to the size 10 needles when working this decrease round and all rounds following: "*K10, K2tog, repeat from * to the end of the round." This makes sure the hat is slouchy, but not too slouchy.
Tips:
This is a great pattern to try knitting cables without cable needles. A great tutorial video is available here (all Knitting Help videos are super helpful). Once you get the hang of it, the project goes much quicker because you don't need to pick up and drop a cable needle to make the cable.