I made this hat for a girl at work who really loves Elmo. It was a fast easy project. I whipped up the beanie while watching TV the other evening. Then I made the eyes and nose and attached them the following day at work.
The hat is made from some red 10? or 12? ply wool from Wangaratta Mill (at least, that's what I think it is as I received it in a swap). Then the eyes and nose were made with acrylic (as I didn't have any wool in the appropriate colours).