hatstand

/HH AE1 T S T AE0 N D/
noun
  1. 1

    A device used to store hats upon. Usually made of wood and standing at least five foot tall, they have a single pole making up most of the height, with a sturdy base to prevent toppling, and an array of lengthy pegs at the top for placement of hats.

adjective
  1. 1

    Crazy, insane.

Source: https://en.wiktionary.org/wiki/hatstand