USE CODE: FLAT50 - *Buy one Flat Cap get the second Flat Cap 50% Off offer only valid on Walrus Brand Flat Caps. Discount Applies to any hat equal or lesser in value. Newsboy caps, also called newsies and paperboy hats, are a very stylish type of flat cap, with some distinct differences, such as a fuller, larger crown made from 8 panels (instead of three) and a button fastened on top. Along with being called paperboy hats, they are often referred to as 8 panels, pageboy hats, big apple caps and Gatsby caps. The newsboy cap first became popular in North America and Europe during the late 19th and early 20th centuries and soon became popular among boys and men in the middle class.