A bit stiff and not as soft as I was expecting, which might get better with a couple washes, and maybe a touch too small, which might get better or worse, but it's not... horrible. Band should be a fair bit looser (many hats are loose on my head and this was a bit too snug), and it is way too short to even really bunch up in the back like a real slouchy hat, so it just looks like you're wearing a sort of half-melted beanie. Not a great look to just throw on.
Not worth returning for just a few bucks but ultimately I just kinda wish I'd picked a different hat.