This is a Patagonia reversible hat. It doesn't have elastic, but it does have a string that can be secured with Velcro. I purchased this from someone else, and the previous owner had folded and sewn the tag because it was too large. A name sticker was attached, so part of the tag is peeled. Other than that, I don't see any noticeable stains, but please refrain from purchasing if you are sensitive to used items, as this is a used item that a child has worn.