Exactly what the title says.  The material isn't as soft to the touch as I expected, and is even a bit stiff.  If I don't actively shape this by smashing it down in the back after I put it on my head, it sticks up at a weird triangular point and I look like an elf who really loves buttons.  I don't find it to be particularly "slouchy," either.  It fits a bit tight on the front of my head, so the ruching effect provided by the buttons is kind of stupid looking when the rest of the band is stretched taught around my skull.  It doesn't fit how I'd hoped, but it's warm enough and it does the job.  Most other beanies seem to be around $12-15ish, so returning this wouldn't net me enough money to make it a smart choice.  Disappointed.