This is simplicity 4047 in a vintage mohair I got off ebay. I am totally in love with and have been wearing it all week. Its a great fall jacket, and because its so loose its no problem wearing a (suit) jacket underneath, which is good, because I do love a retro jacket with jeans
There's no closure, but it hangs nicely so you don't even need one. The cuffs have bias facing so you get the plaid on the diagonal when you turn them back, and there's a really neat cape-y drape to the back. I love capes, but they don't work well when you like to carry your purse over your shoulder. There's a few more views on my blog.
I still have ~1.5 yards of this fabric left (its 60" wide). I can't decide between making a skirt, possible with a bias trim at the bottom, or making a suit jacket style jacket (I have a retro pattern I could do in a yard and a half)! Help me decide!