Draw a slightly curved horizontal line for the base
Add a tall triangle shape rising from one side of the base
Curve the top of the triangle slightly to make it look soft
Draw a fluffy brim along the base with rounded bumps
Add a round pom-pom at the tip of the hat
Smooth the outline so the hat looks soft and fabric-like
Erase any extra guide lines
Color the hat red
Color the brim and pom-pom white