Yes, it's true. While sitting at the craft fair last weekend, I knitted up two hats to be felted (they are drying as I type). I also came up with a baby Santa Hat. Started and finished the first one in one day and then started the second one the next day. If you find a mistake, be kind and let me know. I just jotted this down as I did it. So, here's the pic
You can get at least 2, possibly three hats from these two skeins.
Santa Baby/Toddler Hat
Here's the pattern:
You will need
one skein each of I Love This Cotton Red and I Love this Cotten Shiny White (Christmas white - it has a sparkle strand thru it).
Size 5 or Size 7 dpn or 12" circular (depending on which size you want to make)
One stitch marker
One 7/8" black button
Small had uses size 5 needles.
The additional larger sized hat directions will be in ( ). - Use the size 7 needles for the larger sized hat.
Cast on 76 stitches (82) with the white yarn - DO NOT JOIN. Leave a long enough tail to sew the tab down at the end of knitting.
Knit 12 rows to create a garter stitch brim
Bind off 10 stitches so you will have 66 (72) stitches on the needle. Join in a circle. Change to the red yarn.
Knit in the round for 3 (3.5)" from the top of the band.
Decrease as follows:
(K10, k2tog), repeat around - (THIS ROUND AND THE NEXT IS ONLY FOR THE BIGGER HAT)
(K9, k2tog), repeat around - This round and the rest are the same for both hats.
(K8, k2tog), repeat around
(K7, k2tog), repeat around
(K6, k2tog), repeat around
(K5, k2tog), repeat around
(K4, k2tog), repeat around
(K3, k2tog), repeat around
(K2, k2tog), repeat around
(K1, k2tog), repeat around
(k2tog), repeat around
Run tapestry needle thru stitches, pull tight and tie off.
Make Pompom and add to top of hat.
For tab on brim: Take your extra tail from the cast on and stitch the tab down. Add button.