It's actually a hatstand for two hats. Hang one, wear the other. The minor inconvenience of having to wear a hat to bed is more than made up for by the elegant and unfussy look of the stand.
Hello again from an infrequent visitor. I'm now PC'd and broadbanded-up at home, so might be about a bit more. (Not immediately though, I'm off for a pint to celebrate getting this thing working!) Is everyone enjoying their weekend?