THE GOOD:
1.  It's decent material that doesn't look really cheap like I would expect for that price (although I think it's either not real leather, or it's scrap leather bits that have been pressed back into a sheet).
2.  It's super comfy to walk in for that heel (of course it's not a sneaker).
3.  The tie up the back is super cute!
4.  It's lightweight and easy to store because it folds up without wrinkling or creasing
5.  If you fold over the top, it looks like a pirate boot - great for Halloween.

THE BAD:
1.  It's waaaaay too long for me. I'm 5'3" and it goes up almost to my crotch.  Most my short skirts would cover or skim the top so no good if I wanted to show some leg.  I thought it was an over the knee boot - not a thigh high.
2.  It's definitely NOT a 5" heel.  I have 5" heels and this boot is at least 1 to 2" shorter and there isn't much of a platform if any in the front so I would say it's more a 3.5" heel.
3.  I kind of expected that the thigh would be a little big because I have thin legs but these were super spacious.  I can almost fit both thighs inside one boot.  Although it looks fine loose (it actually makes it look more classy loose) it may or may not be what you're looking for.

Overall - if you're shorter and thinner (I'm less than 100 lbs) this boot might only work for costume wear because they'll be too big and tall for regular wear.  If I were a bigger and taller person, I'll probably give this boot a higher rating.