sz 11 16" circular needles
sz k crochet hook
1 skein of Lion Brand Wool Ease Chunky ( have also done this with pattern with Thick and Quick yarn and used 50 sts and instead of k4 in the 4th and 37th rows I did k3)
r1- join and knit place marker and join
r4- *yo, k2tog, k4* rep around
r37- *yo, k2tog, k4* rep around
bind off and weave in ends
With crochet hook and yarn chain 2 drawstring long enough to go around the hat and tie in a bow.
Thread drawstrings through the eyelets. when worn as a hat the top drawstring is drawn to close up the top of the hat and tied in a bow. I tied the bottom drawstring in a loose bow as well. when worn as a cowl untie top of hat and slip down into place and tie loose bows.
Enjoy. Feel free to knit this for personal use. Do not sell the hat or pattern.