Its in the spring 2008 issue that just came out. I don't have it with me. I'll have it tomorrow. A mobius is like a wrap that is twisted in the center. You start knitting in the center and work your way out.
It's done on a long circular needle (maybe a 36''). I'm sure if you put it into google you could find a photo.
I know a lot of knitters around here have made one.
I just checked this book out of my library - 100 Knitting Projects by Jean Leinhauser & Rita Weiss.
Page 62 has a Hooded Capelet. It is basically a wide tube. It's made with Patons Cha Cha, sort of an eyelash yarn. Pretty much cast on xx stitches and knit each round for 19-20". The end size is 27" around. If I told you how many to cast on I'd be in copywrite violation - the pattern is that simple. No reason you'd have to use an eyelash yarn.
Mirl56 at Ravelry, too.
Learn from the mistakes of others. You canít live long enough to make them all yourself. Eleanor Roosevelt