Hermès has created something truly extravagant. The French high fashion house has created a $150,000 peacoat made entirely of crocodile skin. The coat was designed by Hermès men’s designer Veronique Nichanian for their Fall/ Winter 2008-2009 collection. Not only is the item expensive, it has to be specially ordered with a waiting time for up to 3-4 months. The coat also comes in navy blue, black, and other colors.