I used my Fishnet Slouchy pattern for this hat, but only working to 8 in./20 cm deep. The stitch pattern lightens up the hat -- thus using less than one skein -- and the faux fur strands fill in the "fishnet."
Like many of these non-stretchy novelty yarns, this one needs elastic cording to hold in the bottom edge of the hat.
P.S. The alternate (British) spelling of "raccoon" is used in the first sentence. It's from the yarn label.