Has anyone fixated on the design of the Wizard's hat? Although it lacks the degree of floppiness I'd expect of a truly magnificent Wizard's hat, it makes up for

Has anyone fixated on the design of the Wizard's hat? Although it lacks the degree of floppiness I'd expect of a truly magnificent Wizard's hat, it makes up for it with a long ribbon at the end which you could probably swirl around your head quite magnificently. I suppose the hat helps keep his hair out of his face and the ribbon is there to remind him not to tilt his head too much into the shell? Or perhaps the ribbon is made of a reactive material which serves as a canary?