A fedora is a hat with a short brim and a pinch in the front of the crown. It has been popularized by gangster types, but can also be seen on people like Malcolm X, Indiana Jones, and the Blues Brothers
Why you want it- The fedora is the coolest hat on the market. It is sleek and has history. This is what you where when you want to throw on a hat and look fashionable. For a how to, just look at Malcolm X.