I made one for myself and loved it so much, I made another one for Abby. She loves Holly Hobbie and this is a lot like Holly Hobbie's hat in her new movies. I bought the instructions from her: http://www.etsy.com/shop.php?user_id=66574
Here are the action shots (as close to action from a 5 year old recovering from the flu and an ear infection):
I'm working on a pink one for little sister, but I'm about to run out of yarn. Thanks for looking!
Edited to say: This is the child's version of the cap that Koi posted recently.