This is the pattern that comes with Moda Vera's Manhatten line of yarn. It's a ski cap with greek key detailing and fits a child/teen. I am very pleased with the result as you can see it resembles the picture on the yarn label.
The pattern says 4 skeins of yarn required but you really need 3 different coloured skeins. That amount is also enough to make 3 ski caps or 1 bigger ski cap and 1 child sized.
There's nothing to it, the pattern just uses purl and single knit stitches, the tapering uses knit 2 together stitches that are all covered in the Martha Stewart Loom tutorial.