I can't imagine a normal person having a use for this crazy raincoat but if you're a wizard and/or KKK member, you'd probably like to protect your headgear from getting wet too. This limited edition raincoat does just that for you.
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More seriously, if the designer just took away that pointy tip, I might actually like this. The cut of the raincoat is Batman-esque and the color is understated (with just a tinge of flair in the orange splash effect). But I can't ignore that godforsaken tip. It's impossible to overcome. Just check out a group of them together:
All I can see is either a group of witches or a bunch o' racists. [Ole Jensen via Core77]