No it won'tIn layman's terms wool fibres, and other animal fibres, are covered in little hairsWhen friction is applied to the fibres the hairs get all knotted and the knitted fabric becomes feltAcrylic yarn doesn't have the hairs so it will not feltMachine washable wool is coated with something to prevent the hairs rubbing togetherThat is why you cannot felt machine washable wool.
if you use large needles you can make a tweed with 2 strands knitting worsted yarn or 3 strands sport weight yarnyou can just make horizontal stripesthis can be done on straight needles with a simple stitch like garter stitch, stockinette stitch, or k2p2 ribbingfancy stuff like cables take away from the great team colors!
