After adding the scarves of this series on (previous entry), I realized the hats & boxes were not up yet.
There are 2 styles for the hat. The easy one is knit upward, with carried rib to give elasticity:
The other style is more complicated:
The top is knit first, then add sts and knit the other 4 symbols downward.
Both hats can be done in double knit, this one is cotton:
Picture Knitting 