A regular Top Hat for magicians, which folds flat. The only thing economy about this is the price. The folding mechanism is made of rust free stainless steel (not plastic), and the hat is hand stitched with wrinkle free cloth and double lined on the inside.
The finger reel is one of those utility items thats use is only limited by your own imagination. It belongs in the case of every magician and is so popular and useful that complete books have been written about its use.