The first line alone is enough to stop one in one's tracks:

"The little hat wanted to go for a stroll in the garden ..." !!

The little hat in question is no ordinary little hat,
for it [neuter gender] has in its possession
one genuine bona-fide laurel wreath.

When the little hat chances to meet with a stout vicar (I think it is),
and the vicar laments that he has been chosen as the delegate
at a church convocation,
he who can't even count to three!, and they expect him to speak in Latin:

The little hat tells the stout vicar,
"Cheer up, you great ass, and take this laurel wreath."

Thus assuring the stout vicar will come through with flying colors,
orating like Cicero of old.
Did you ever?