Are baby's heads really that small?

Gosh, I hope it fits! It looks so little! It's 14 inches around the bottom.....if I really stretch it I can get it on Noey's head! So that should fit a baby, right?
It has an eyelet row around the top, and an I-cord will be drawn through it to pull up the top. (this picture is actually an upside down view) It took a lot longer than I thought. After I whipped out all those hats for Noey's friends, I figured this would be a breeze! Tiny needles (size 3) and fingering weight yarn make for a long process!