CORRECTIONS have been made (and I promise never to type things in a hurry again!). If you downloaded this pattern before 10/22/12 11 a.m. EST, you will need to download the corrected version or go to the link at Knitting Paradise. I do apologize for the errors!

This hat pattern was inspired by a Christmas stocking I knitted, making it up as I went along. When someone mentioned to me that he thought the leg of the stocking was a hat, I got the idea to make it into one!

This can be a great scrap project or stash buster, as you don’t need much yarn (I got a stocking and two hats from the two skeins listed here). Use a smaller needle and yarn combo for a smaller hat. Vary colors in the bands if you like, too--get creative & turn your bright yarns loose on this one!