Dead Man's Sweater

The Dead Man's Sweater is a vanity item that can be found in Dead Man's Chests. It appears to have holes in it.

Trivia

 * The Dead Man's Sweater is a reference to the "redshirt" stock character in fiction, who dies soon after being introduced. The term originates from the high-ranking staff on the sci-fi show Star Trek: The Original Series, who wear red uniforms and frequently die during episodes.
 * As of 1.4.0.5, the Dead Man's Sweater is the last overall armor piece added to Terraria going by Item IDs.