Respectfully, no, it doesn't. Did you look at the Cleverhood Urbanaut Poncho linked earlier? Your product is a too long, over designed, Rain Jacket, and the cost is just out of line with its utility. In a thread about Rain Capes/Cloaks, I just can't see the appeal. The higher end Carradice et al, ponchos are all well under $300 and do everything this product can.