Materials
Yarn: Lion Brand Wool Ease Thick and Quick (80% acrylic, 20% wool; 106 yards [97 meters]/170 grams): Barley (1 skein)Needles: US size 15 (12.0 mm) double pointed needles (but standard knitting needles work well too)
Notions: Yarn needle, button (optional)
Pattern
Cast on 44 stitches.Rows 1-6: Work in ribbing stitch (knit one, purl one).
Rows 7-16: Work in garter stitch (knit every row).
Rows 17-22: Work in ribbing stitch. Cast off with a long yarn end.
Thread the yarn end into a yarn needle,
Bring both ends of the rectangle together and sew to form a tube.
To make a drawstring, pass one or two strands of yarn through the last row of stitches on the cast off end.
(If your yarn is not strong enough, work a cord of chain stitches.)
To wear as a hat: Tie in a bow to gather up and wear as a hat.
To wear as a cowl: leave the cord relaxed to wear as a pull-over cowl.
Optional, sew on a button for decoration.
I found this pattern on the 2-1-hot-cocoa-hat-and-cowl
