A hat? A nest? A boat? A nose?
The hat in this story starts as a marker to where a squirrel stores its acorn. Soon the wind lifts the hat and lands it on a tree and a bird uses it as a nest. (Remember "Finders Keepers"). It doesn't stop there, the hat (Or, the nest now) soon becomes a boat and a clown nose. (Yes, it moves in the hands of various animals). After all life is a circle, so the hat finally reaches the place where the squirrel leaves it.
