Made of soft felt and topped with a tassel, these Graduation Caps give your graduates a memorable keepsake. Every graduation ceremony — kindergarten, high school or college — is an important milestone! Graduation caps make those milestones even better. Match the color scheme of any school and graduation gown. Felt. 22" circ. with tassel. Made of soft felt and topped with a tassel, these Graduation Caps give your graduates a memorable keepsake. Every graduation ceremony — kindergarten, high school or college — is an important milestone! Graduation caps make those milestones even better. Match the color scheme of any school and graduation gown. Buy a dozen or more for the whole class or get just one for your star student! Felt. 22" circ. with tassel.