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Although the legendary New York venue Studio 54 shut its doors nearly four decades ago, its distinct style impact continues powerful.

This season, the focus isn't on see-through bodysuits but on the furry, shaggy coats and stoles favored by celebrities and party enthusiasts alike.

With the holiday social calendar coming up, the signature Studio 54 coat is experiencing a significant resurgence.

Retail Data Reflects the Popularity

One of the hottest items from a latest collaboration between a major retailer and a designer brand is a short, off-white, shaggy jacket with giant lapels.

At a leading retailer, searches for taupe fake fur coats have jumped 190% compared to last year.

The demand for secondhand fuzzy finds is also soaring, with searches for faux fur increasing by over 250% in the past six months on a popular resale website.

"This is a statement coat," says a senior fashion editor, adding that it acts as the central piece of an outfit.

She likes to style her own colossal shaggy coat with hipster jeans or leggings and micro shorts.

Television Fashion Mirrors the Look

This aesthetic is replicated in a latest streaming romantic comedy series, where a character sports a caramel furry jacket to a casual dinner.

When challenged about her bold look, the character replies, "You told us to dress up. That's style!"

The Rise of the "Glamorous" Vibe

This look aligns with what a U.S. trend forecaster is calling "boom boom."

Inspired by the extravagance and excess of late-80s New York, this vibe evokes wads of cash, champagne, smoking, short skirts, loose morals and, naturally, fur.

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

Boom boom is all about dressing for the life you aspire to rather than the one you have to endure.

Modern Fabrics and Tongue-in-Cheek Opulence

While real fur was omnipresent during Studio 54's peak, current iterations are mostly made from lambskin—a byproduct of the meat industry—or synthetic materials like acrylic.

The trend represents a tongue-in-cheek opulence—as if a beloved character has taken charge with exaggerated proportions and surprising hues.

Celebrity Endorsement and Limited Drops

A London designer was an pioneer of this movement. Her shaggy coats with poodle-like proportions have been worn by famous singers.

Because of strong demand, these coats are now only sold in limited collections. An forthcoming release includes a rose and charcoal style similar to a large pom-pom, as well as leopard- and zebra-print options with exaggerated fluffy frou-frou.

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

This feeling is echoed by a fashion director at a major retailer, who calls it "a surprising, playful element" that doesn't require a whole new ensemble.

Final Spirit Lifter

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

"It won't cost a lot," says the expert, "and it will make you feel glamorous when everything else is rather dreary."