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Although the iconic New York nightclub Studio 54 shut its doors nearly four decades ago, its distinct fashion influence continues powerful.

Currently, the focus isn't on sheer bodysuits but on the furry, fuzzy coats and stoles worn by celebrities and club-goers as well.

With the holiday social calendar coming up, the signature Studio 54 coat is enjoying a major comeback.

Shopping Statistics Shows the Popularity

Among the hottest items from a recent collaboration between a major retailer and a designer brand is a cropped, cream, long-haired jacket with giant lapels.

At a leading department store, searches for taupe faux fur coats have surged 190% year on year.

The demand for pre-owned plush finds is also rising, with searches for faux fur growing by 257% in the past six months on a major resale platform.

"This is a statement coat," says a lead fashion editor, adding that it acts as the main element of an ensemble.

The editor likes to wear her personal oversized furry coat with hipster jeans or tights and short shorts.

Screen Fashion Echoes the Trend

The style is replicated in a latest streaming romantic comedy series, where a character wears a caramel furry jacket to a informal dinner.

When questioned about her daring look, the character replies, "It's what you said to look fancy. That's style!"

The Rise of the "Boom Boom" Aesthetic

The trend fits into what a U.S. style analyst is terming "boom boom."

Rooted in the extravagance and opulence of late-80s New York, this aesthetic evokes wads of cash, bubbly, cigarettes, short skirts, carefree attitudes and, naturally, fuzzy textures.

Similar to that time, the trend is set against a uncertain economy.

This style is very much about dressing for the lifestyle you dream of rather than the one you are stuck with.

Contemporary Materials and Tongue-in-Cheek Luxury

While real fur was omnipresent during Studio 54's peak, current iterations are mostly made from lambskin—a secondary product of the food industry—or man-made materials like polyester.

The trend represents a tongue-in-cheek luxury—like a beloved character has taken over with overblown proportions and unexpected colors.

Celebrity Adoption and Limited Drops

A London designer was an pioneer of this trend. Her fluffy coats with poodle-like textures have been sported by famous pop stars.

Due to strong interest, these coats are now only sold in limited drops. An forthcoming release includes a rose and grey style similar to a giant pom-pom, alongside animal and zebra-print versions with exaggerated fluffy frou-frou.

"When you can only buy a single item, you wouldn't choose it to be a basic jumper or a pair of boring pants, you want a standout piece," says a magazine editor-in-chief.

This sentiment is shared by a style head at a major retailer, who calls it "a surprising, fun element" that avoids the need for a complete ensemble.

The Ultimate Spirit Booster

Ultimately, the shaggy coat can act as a great mood lifter.

"It doesn't have to cost a fortune," says the editor, "and it's going to make you feel glamorous when everything else is pretty gloomy."