From the picture it's hard to tell, but it looks like there are feathers coming out of the top of the hat near the red bow.  Some of the reviews mentioned feathers.  I got this hat in today's UPS delivery and there are no feathers on the hat or in the bag, and it doesn't look like this was some factory second that lost its feathers.  It just looks like it was made to be without feathers.  It will still work for my needs, though; I need a prop for a photo shoot.