Abstract: A structure useable as a backpack or as a cape finds particular utility when worn by a stuffed bear. The backpack/cape structure includes a generally rectangular piece of fabric having top, bottom, and side edges. Side flaps extend outwardly from the side edges along substantially the entire length of the side edges. A top flap extends from the top edge. The article includes a pair of straps which support it on the back of the bear. As a cape the top flap folds over the top edge of the fabric and the fabric and side flaps are substantially unfolded. To transform the structure into a backpack, the side flaps are folded inwardly over the outer surface of the fabric and then the structure is folded upwardly placing the bottom edge under the downwardly folded top flap. The inwardly folded flaps include Velcro fastening strips so that when the structure is folded upwardly the Velcro strips engage to secure the upper and lower portions of the side flaps together to form a pouch-like backpack.