I love this free pattern from Repeatcrafterme.com. You can find the pattern on Ravelry here.
The shawl my mannequin happened to be wearing mimicked the flowing blood from the shark's bite perfectly. Thanks to my 14 year old for noticing and pointing that out. :)
This pattern uses a small amount of ww yarn in various colors. I also used the H hook to complete the entire hat. Instead of the eyes referenced in the pattern, I used safety eyes stuck through a round of hdcs. The shark's fin is stuffed with a small amount of Fiberfill.
I made this as a surprise and I hope the recipient likes it!