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While the legendary New York nightclub Studio 54 shut its doors almost four decades ago, its unique fashion influence remains powerful.

This season, the spotlight isn't on sheer bodysuits but on the furry, shaggy coats and wraps worn by style icons and club-goers alike.

With the holiday party season coming up, the distinctive Studio 54 coat is experiencing a major comeback.

Retail Statistics Shows the Popularity

Among the hottest items from a recent collaboration between a high-street brand and a London label is a cropped, off-white, shaggy jacket with giant lapels.

At another retailer, online queries for taupe faux fur coats have surged almost 200% year on year.

The demand for secondhand fuzzy finds is also rising, with searches for synthetic fur increasing by 257% in the past six months on a popular resale platform.

"This is a one and done coat," notes a lead fashion editor, adding that it acts as the main piece of an outfit.

She prefers to style her personal oversized furry version with hipster jeans or tights and short shorts.

Screen Fashion Echoes the Look

This aesthetic is replicated in a new streaming romantic comedy series, where a character sports a toffee-colored furry jacket to a casual dinner.

When challenged about her daring look, the character replies, "You told us to dress up. It's fashion!"

The Rise of the "Glamorous" Aesthetic

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

Rooted in the extravagance and excess of the 1980s New York, this vibe evokes wads of cash, bubbly, cigarettes, high hemlines, loose morals and, naturally, fur.

Like that era, the trend is emerging during a volatile economy.

This style is very much about dressing for the lifestyle you dream of rather than the one you have to endure.

Modern Materials and Tongue-in-Cheek Opulence

Whereas real fur was omnipresent during Studio 54's heyday, current iterations are primarily made from shearling—a secondary product of the food industry—or man-made fabrics like acrylic.

The trend embodies a knowing opulence—as if a beloved character has taken over with exaggerated proportions and surprising hues.

Star Endorsement and Limited Releases

A London creator was an early instigator of this trend. Her shaggy coats with poodle-like proportions have been worn by top pop stars.

Due to high interest, these coats are now only sold in exclusive drops. An upcoming release includes a pink and grey version similar to a giant pom-pom, as well as leopard- and zebra-print options with dramatic fuzzy trim.

"If you can only buy one thing, you wouldn't choose it to be a plain jumper or a pair of boring pants, you want a standout piece," says a magazine editor-in-chief.

This feeling is echoed by a style head at a leading retailer, who calls it "a surprising, playful element" that avoids the need for a whole new ensemble.

Final Spirit Booster

Ultimately, the shaggy coat can serve as a fantastic pick-me-up.

"It won't cost a fortune," says the expert, "and it will make you feel glamorous when everything else is pretty gloomy."