Tasselled cap (3)
I believe the answer is:
fez
'tasselled cap' is the definition.
(I've seen this before)
This is the entire clue.
(Other definitions for fez that I've seen before include "Old Turkish hat" , "Egyptian tasseled hat" , "Egyptian felt cap" , "High flat-topped red cap with tassel worn by some Muslims" , "Eastern felt cap with a tassel" .)