This is the $140 Sacrificial Chair designed by Thing Industries. It's a clothes rack in the form factor of a chair that's supposed to replace the actual chair in your room that you throw all your clothes on when you're getting naked. Personally, when I'm getting naked I don't throw my clothes on anything, I just leave them on the floor until it's time to do laundry. And that's why my mom says I haven't earned my allowance in over four years.
Keep going for a couple more shots of the chair in various states of undress.
Thanks to Allyson S, who agrees if you pile enough dirty clothes on your bed, you don't even need sheets or blankets.