Liripipe

"[1] In modern times, liripipe mostly refers to the tail of the cowl of an academic hood, seen at graduation ceremonies.

[3] Another possible origin for the word is that it refers to the resemblance of the hood's "tail" to a long, thin purse used to hold coins, literally a "lira pipe".

Liripipe often appears in text as implicit criticism of absurd or exaggerated fashion: in the 1360s the author of the Chronicle Eulogium Historiarum sive Temporis mentions liripipes that hang right down to the heels like ridiculous strips ('liripipia usque talum longa modo fatuorum dilacerata') or worn tied round the head by cross-dressing women.

[2] The term was also applied to the exaggerated toes of the medieval pigache and poulaine shoes, as in a 14th-century statute of Oxford University.

[2] The variant spelling liripoop has also the obsolete meaning of "silly person",[3] most probably because it is an inherently funny word, cf.

Portrait of a Young Man (Tymotheos) by Jan van Eyck , 1432. The liripipe is draped forward at left (subject's right).
The hooded academic dress of King's College London , an example of a modern-day liripipe.