A quick little elf hat, great for unisex babies and also for stash busting. It doesn't use much yarn and can incorporate stripes very easily.
Using DK yarn and 4.5mm DPN needles (I used a stash of Rico
Poems and and unknown gem hidden in my stash!)
Cast on 56 and space amongst 4 needles (14 per needle)
Knit until 3 inches long (curl unrolled)
[K12, K2TOG] repeat 3 more times
Knit 3 rounds
[K11, K2TOG] repeat 3 more times
Knit 1 round
[K10, K2TOG] repeat 3 more times
Repeat this decrease round (decreasing the last two stitches
at the end of each needle) until 5 stitches remain on each needle
Knit 1 round
[K3, K2TOG] repeat 3 more times
Knit 1 round
[K2, K2TOG] repeat 3 more times
[K1, K2TOG] repeat 3 more times
[K2, K2TOG] twice
Knit 1 round
[K1, K2TOG] twice
Transfer onto one needle and turn to i-cord [4 stitches]
Knit i-cord for 1 ½ inches
K1, K2TOG, K1
Knit 3 rows
K1, K2TOG
Knit 1 row
K2TOG
Feed yarn through remaining stitch.
Tie loose knot in the i-cord stem.
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