The ensemble references the iconic founder of Playboy magazine and the magazine’s instantly recognizable symbol, often recreated as themed attire for festive occasions. Individuals may choose to embody either figure: one adopting the persona of the publishing magnate, typically characterized by a smoking jacket and pipe, while the other(s) impersonate the magazine’s mascot, usually consisting of a leotard, bunny ears, tail, and sometimes a bow tie.
The enduring popularity of this pairing as fancy dress speaks to its position in popular culture, representing a certain era and associated lifestyle. Its perceived appeal can stem from humor, recognition factor, or a desire to evoke a particular image. However, its use also attracts debate, given the potential for misinterpretations or offense related to objectification and gender dynamics.