I finished a couple of Christmas gifts this weekend, but I can't reveal any except this one. A friend that I worked with during my grad school internship recently had a baby. She doesn't know about this blog yet, don't tell her!
The pattern is (not surprisingly) called Soft Serve, and the yarn is called Color Baby. It's an Australian merino wool--very soft. I knit it on US#3 dpns, started it on Saturday and finished it on Sunday. I love that the curlicue on top is tied down, the faster to whip it off of a baby's head.
Here's how it looks when it's laid out flat--it's very long. It scrunches up a lot when sitting upright, and should do the same on the baby's head.