Impressed with the quality of this hat!  For such a bargain price, I expected shoddy workmanship and materials, but I was pleasantly surprised! It's not "floppy", but somewhat firm, with a felt/suede-like fabric.  The string that comes with it has a toggle to adjust under your chin and is pretty much a big shoestring, but if that bothers you, I feel it'd be easily switched out.  Very glad I bought this!