This pattern creates a beautiful fair isle design using 3 colors. It's perfect for advanced knitters looking to try colorwork techniques.
20 stitches x 24 rows = 4 inches in stockinette stitch on larger needles
Using smaller needles and Color A, cast on 96 stitches. Join in the round, being careful not to twist.
Work in *K2, P2* ribbing for 1.5 inches.
Switch to larger needles.
Rounds 1-4: With Color A, knit.
Rounds 5-8: With Color B, knit.
Rounds 9-12: With Color C, knit.
Repeat Rounds 1-12 three more times.
Continue in stockinette stitch (knit every round) with Color A until the hat measures 7.5 inches from the cast-on edge, ending with a knit round.
Shape Crown:
Switch to double-pointed needles when the hat becomes too small for circular needles.
Round 1: *K6, k2tog* repeat around.
Round 2: Knit.
Round 3: *K5, k2tog* repeat around.
Round 4: Knit.
Continue decreasing in this manner until 8 stitches remain. Break yarn, leaving a tail. Thread tail through remaining stitches, pull tight, and secure on the inside.
Weave in all ends and block the hat to measurements. Enjoy your beautiful fair isle creation!