A nice christmas/santa hat with physics that you can bend and adjust the length however you like! Perfect to animate your scene!
To adjust, press B to show Advanced Bone Window, and find these
Extra Bones :
hat.001, hat.002, hat.003, hat.004
If you can't find it, just type it in the box, then press enter! it will be added anyway.
Tutorial/preview video
You can find this item in Accessories>Head :