Red felt hat
I believe the answer is:
fez
'red felt hat' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for fez that I've seen before include "High flat-topped red cap with tassel worn by some Muslims" , "Hat - Moroccan city" , "Tasselled red cap" , "Flat-topped red cap with tassel worn by Muslim men" , "Old Turkish hat" .)