abstract:A party hat is generally a playful conical hat made with a rolled up piece of thin cardboard, usually with designs printed on the outside and a long string of elastic going from one side of the cone's bottom to another to secure the cone to the person's head. In Britain, the hat is made of paper and is the shape of a crown.
There is even talk that Mohammad Yunus, a famed microfinancier, might throw his hat back in the ring, after an aborted attempt to launch a party last year.
Come 2001 he was throwing his hat into the political ring again, following the resignation of William Hague as party leader, and the former chancellor made it to the final round of the ensuing leadership contest.