I love the colors in this yarn. I needed a break from the sweater I was doing, so I picked up this skein and just made up a hat pattern on the fly.

Cast on 65 stitches.

Ribbing is simple 2x2 for about 1-1/2” (8 stitches).

Pattern:
On the first row of the pattern (and only the first row) Make 1 extra stitch out of the first stitch (M1) -- this offsets the ringlet pattern -- and then follow this pattern:

K3, K2tog, YO * repeat -- Continue for the rest of the pattern rounds until decrease.

When I reached about 5” from edge of hat (1-1/2” ribbing + 3” pattern), I started decreasing.

K2tog, K2, K2tog, YO * repeat for 1 round
K2, K2tog, YO * repeat for 1 round
K2tog, K1, K2tog, YO * repeat for 1 round
K1, K2tog, YO * repeat for 1 round
K2 tog, K2 tog, YO * repeat for 1 round
K2tog, YO until 6 stitches, pull up yarn through end and bind off in center.

note that for some reason, the decreases didn’t always hit the right spots (no idea why, the math should be right), so I kind of adjusted the pattern on the fly to make the ringlets line up correctly.