I've been wanting to knit a hat like this for months now - this is the second attempt, and I'm really, really pleased with it.
It definitely wasn't the most complicated knit in the world, but I'm debating writing my notes up into a pattern - would anyone be interested in it?
Model hat knit with 2 skeins Blue Sky Alpacas 100% Alpaca Sport Weight (110 yd/100m per 50g skein)
MC: 510 Black
CC: 505 Taupe.
Feel free to substitute with 220 yards of any sport-weight yarn you would like, as long as you get the correct (blocked) gauge. However, I would recommend wool or another animal fiber for this project. Plant fibers and acrylics will block very differently, and you may need to adjust the stitch counts for a hat that fits well.
Needles: 3.0 mm (US 2.5) double-pointed needles, set of 4
3.25mm (US 3) circular needle, 20 or smaller
Gauge: 23 stitches = 4, in seed stitch on 3.25mm needles
A Note About Blocking This Hat: When I blocked the model hat, I blocked it tall, rather than wide. That is, I took the knitting and pulled up, so that the hat, in general, ended up longer and skinnier rather than wider and shorter. You will need to block your gauge swatch this way, to make sure that you are, in fact, getting gauge.
1x1 Twisted Rib: [knit 1 through the back loop, p1] around.
Using dpns and MC, CO 96 stitches.
Work in 1x1 twisted rib for 2cm (0.75). Switch to CC. Do not break MC yarn.
Increase Round: Using CC, [k4, m1] around. (120 stitches)
Switch to circular needle. Begin working in seed stitch pattern, as follows:
Round 1: [k1, p1] around
Round 2: Begin knitting with MC. [p1, k1] around
Round 3: [k1, p1] around
Round 4: [p1, k1] around
Repeat Rounds 3 and 4 until MC stripe measures 4cm (1.5) from end of CC stripe.
Continuing with seed stitch pattern as set, switch to CC for two rounds.
Work in MC for two rounds.
Switch to CC. Work in seed stitch pattern until CC stripe measures 5cm (2).
Switch to MC. Work in seed stitch pattern until MC stripe measures 4cm (1.5).
Switch to CC. Work in seed stitch pattern until CC stripe measures 2.5cm (1). Make sure the last round you work is a Round 3.
Next round, work Round 4 while switching to dpns.
Decr Round 1: [K2tog, p2tog] around (60sts)
Decr Round 2: [p1, k1] around
Decr Round 3: [k1, p1] around
Decr Round 4: [p1, k1] around
Decr Round 5: [k2tog, p2tog] around (30 sts)
Decr Round 6: [p1, k1] around
Decr Round 7: [k2tog, p2tog] around (15 sts)
Break yarn, and pull through remaining stitches.
Finishing: Weave in ends. If desired, block as noted above. I found it helpful to tug the hat from top-to-bottom a couple of times, to stretch it long, and pin the ribbing unstretched while the hat was drying.