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.
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 colour 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: