This happy thing is knit using two skeins of Artful Yarns Museum in Ming Vase, and one ball of Tecno Hair. The pattern is from Melanie Falick's Weekend Knitting book, and basically is a very big sock, knit from the top down in the round, in garter stitch. Stitches then are picked up at the toe for the curl, and around the top to add the fluff. It took tow evenings to complete.
Click here for a bit more info.