I could not figure out what it was. It was similar to a soft clothes hanger but lacked the hook and the structural integrity. Its beautiful cloth exterior concealed thing wiry structure underneath.
I was so ready to ask my more fashionable roommate, when the aha moment came. It was a wire headband!
Nowadays, I wear it in my daily busing about. It does a wonderful job of keeping my now-too-long bangs at bay.