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Although the legendary New York venue Studio 54 shut its doors almost four decades ago, its distinct fashion influence continues powerful.

Currently, the spotlight isn't on see-through bodysuits but on the plush, shaggy coats and stoles favored by celebrities and party enthusiasts as well.

With the festive party season coming up, the distinctive Studio 54 coat is enjoying a major resurgence.

Shopping Statistics Shows the Trend

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

At a leading retailer, online queries for taupe faux fur coats have jumped almost 200% year on year.

The demand for pre-owned fuzzy finds is also soaring, with searches for faux fur growing by over 250% in the last six months on a major secondhand website.

"This is a statement coat," says a senior style expert, explaining that it acts as the central piece of an ensemble.

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

Television Style Echoes the Look

This aesthetic is replicated in a latest Netflix romantic comedy series, where a sister sports a caramel fuzzy jacket to a casual dinner.

When questioned about her daring look, the sister responds, "You told us to look fancy. That's style!"

Emergence of the "Glamorous" Vibe

The trend fits into what a U.S. trend forecaster is terming "glam excess."

Rooted in the extravagance and opulence of the 1980s New York, this vibe evokes wealth, bubbly, smoking, high hemlines, carefree attitudes and, of course, fur.

Similar to that era, the trend is set against a uncertain financial climate.

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

Modern Materials and Tongue-in-Cheek Luxury

While animal fur was everywhere during Studio 54's peak, today's versions are mostly made from lambskin—a secondary product of the meat industry—or man-made fabrics like polyester.

The trend embodies a knowing opulence—like a beloved character has taken charge with overblown proportions and surprising hues.

Celebrity Endorsement and Limited Releases

A London designer was an early instigator of this movement. Her fluffy coats with poodle-like proportions have been worn by top singers.

Because of high interest, these coats are now only sold in limited collections. An forthcoming launch includes a pink and grey style akin to a giant pom-pom, as well as leopard- and tiger-print versions with exaggerated fluffy frou-frou.

"When you can only purchase a single item, you wouldn't choose it to be a basic jumper or a pair of ordinary pants, you want something dramatic," says a magazine head.

This feeling is shared by a style head at a major store, who calls it "a surprising, playful touch" that avoids the need for a whole new outfit.

The Ultimate Mood Booster

In the end, the shaggy coat can serve as a great pick-me-up.

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