Object Lesson: By the Collar

Coat people are passionate; maybe a little crazy. Man or woman, if you're one of them, you have many in your closet and many more in your head that you need, want, and absolutely must have to make your fashion life what it should be.

Opening Ceremony has recognized this somewhat compulsive need for outerwear with a chic, utilitarian design that not only suits guys and girls, but allows the wearer to brave the elements—and all occasions—with its four interchangeable convertible collars. "The design really came from needing a coat that was versatile," says Gina Pham at Opening Ceremony. "Quite literally, the hood for extra warmth and protection and the high collar for its classic quality really makes this coat both functional and great-looking."

In dense, textured wool, this classic belted shape is rendered new every time you switch up the collar. And perhaps best of all, the alternate hoods come nestled together in a cool drawstring bag. Further evidence that even for compulsive coat people, streamlining along with versatility can be an excellent investment. —Christene Barberich and Piera Gelardi

Opening Ceremony indulges a coat person's multiple personalities.