Del Boy had one.
Any football manager or sports commentator worth his salt in the 70s had one.
A sheepskin jacket was once the must-have fashion accessory.
And it was at Nursey in Bungay that it all began.
But now things aren't looking quite so cushty for the company.
In fact, they're planning to close in March unless they can find a buyer.
This isn't an easy decision.
Tim is the fifth generation of the Nursey family to work in the business. There's been a factory here since 1846.
During the 60s and 70s, at the height of its popularity, Nursey was producing around 15,000 coats a year.
Tim's trying to stay optimistic about the future and he's in discussions with three potential buyers.
But if no buyer is found, the business will close and the remaining stock sold off this autumn.
Click below to watch a report from ITV News Anglia's Tanya Mercer