This is a $50 Mario inspired Racanooki hoodie (inspired from the Tanooki suit in Super Mario 3) available from 80's Tees. The tail wags up and down if you pull the drawstrings in and out real fast. It's perfect for...actually I don't know who it's perfect for. Furries? People who want to be mistaken for a masturbating raccoon?
Hit the jump for some more shots.
Thanks to chichi, who informed me this does not count as a Halloween costume. DAMMIT.