Abstract: A changeable shape clothing accessory which can be used as either a hat or a hand bag is made from foldable material forming an endwall, a sidewall and a collar or brim extending outwardly from the sidewall. The sidewall has a lower edge with a fold which reverses upon itself and which is secured outwardly of and back to the sidewall forming a thickened band around the accessory. The collar has an interior end trapped in the fold which forms the band. The band provides a reinforced region about which the different parts of the accessory are foldable.