[Nothing about the look Paul gives the hat in his hands suggests he thinks it's stupid. Peter isn't the only teenager here prone to moments of imperfect social graces. Paul's just manifest differently - in this case, as only half-guarded vulnerability, the gift held with gravity out of sync with Peter's affable offering. It's a noticeable difference from the charmingly playful way he pretended to dodge Peter's threatened hip check.]

Are you sure you want to give me this?

[He brings his focus back up to Peter, serious and possibly once again resembling one of Peter's father's friends more than any of Peter's own. Abstractly, he's grateful it's likely Peter doesn't come from a place with much formal etiquette, because the question Paul is asking is baldly insulting - it's not done to ask a gift-giver if they can afford to part with their offering, especially at a party like this one.

But it's from Peter's home, and Paul is prone to sentimentality.]

The drugs would be more than enough. [He holds the hat loosely between two hands, not quite accepting or offering it back.] It's not that I don't like it, I do. It's very handsome [no, Paul] but - are you certain you won't want it, later?