I think this hat looks like waves or ripples in the water :)
Materials: 200 yds. Good Karma Farms 60/40 merino/alpaca blend, or worsted weight wool
Size 6 needles -- 16” circular and double pointed
Using long-tail cast on, cast on 106 sts. Join, being careful not to twist sts. (Purl 1 round, knit 1 round) 3 times, increasing 20 sts in last round (126 sts).
Note: I like a loose brim on hats because it is easier to put them on and take them off one- handed; if you want a tighter brim, use a needle one or two sizes smaller, and switch back to larger needles for the Wave Stitch.
Work the 8 rows of the Wave Stitch 5 times, as follows:
Rnd 1: Knit
Rnd 2: (K 2, C2B) around
Rnds 3 - 5: Knit
Rnd 6: (C2F, K 2) around
Rnds 7 & 8: Knit
Repeat these 8 rounds for pattern; end having just finished round 8. You may increase or decrease the height of the hat if you work the Wave Stitch pattern more or less than 5 times; just make sure you end having just completed Round 8.
Decrease for top (change to double pointed needles when necessary):
Rnd 1: (K 4, K2tog) around
Rnd 2: (K 1, C2B) around
Rnds 3 & 4: Knit
Rnd 5: (K 3, K2tog) around
Rnd 6: C2F around
Rnds 7 & 8: Knit
Rnd 9: (K 2, K2tog) around
Rnd 10: C2B1 around
Rnds 11 & 12: Knit
Rnd 13: (K 1, K2tog) around
Rnd 14: LT around
Rnds 15 & 16: Knit
Rnds 17, & 18: K2tog around.
Break yarn, thread through the sts and pull tight, and weave in ends.
K2tog Knit two together
C2B Slip 2 sts and hold them in back of work; knit 2; knit the two sts from cable needle
C2F Slip 2 sts and hold them in front of work; knit 2; knit the two sts from cable needle
C2B1 Slip 2 sts and hold them in back of work; knit 1; knit the two sts from cable needle
LT Insert the right needle into the second st on the left hand needle in the back and knit it but do not take it off; knit the first st on the left hand needle like normal; slip both sts off the needle (Left Twist made)