I love Capes...

Is there nothing more fabulous than a cape?  I think not...

There is something dramatic about having a sheath of fabric trailing from the shoulder billowing in your wake.
It adds a certain sense of mystery while also allowing a fabulous outfit to be seen underneath. 
Is there any wonder the Big Bad Wolf had it in for Red Riding Hood? He wasn't hungry, he just wanted her cape.

One of the original reasons for the design was so ladies could protect their garments without having the delicate fabrics and embellishments of the dress be crushed by the weight of a jacket. They would fasten at the neck and freely flow over any variety of couture underneath.
These days capes come any which way.  Just over the shoulder, to the waist, or to the floor (also known as a cloak),  knitted, sheer, pleated, layered, weatherproofed, hooded, collared, sculptural, embellished.....I love capes.