Squid hat!
The longer tentacles that trail off the image have mittens on the ends. The full image can be found here: https://www.weasyl.com/submission/1198186/squid-hat-and-mittens
Two layers of fleece for the hat, fleece eyes. Two layers each front and back for the mittens.
This is the prototype, I may fiddle with the design a little before I put it on etsy.
Update: Now available on Etsy: https://www.etsy.com/listing/273967486/squid-hat-and-mittens