Ladies, remember this from the 70s and 80s? I have one from the ‘old days’, and still use it.
They are now made with two layers of fleece. The fleece will keep you warm and dry, unlike the old models. Fleece has a tendency to be water repellent, but the new ones have a built in 'Blizzard Guard' that is wind and water proof. The new model has a side loop that keeps one end securely wrapped; another problem with the old model--the scarf would slip and open.
The design keeps the back of the neck warm and dry, the reason I always loved this item. Remember my tip of static and dryer sheets—wipe the inside with a used dryer sheet to hold down the static or keep one handy for when you remove the hat.