Mustrum Ridcully's Hat
The hat of the current Archchancellor of Unseen University is not the Archchancellor's Hat. Does that make sense? It is not the half-crazed symbol of Wizardry that is the focus of so much of Sourcery, but the creation of its owner, Mustrum Ridcully himself.
It is a work of art. It was made specifically for him by a special firm of certified mad hatters (so as to avoid any of the problems that the other Archchancellor's Hat brought about) and is customised heavily. It has a tailored roll of oiled silk and four telescoping legs, which when extended produce a compact and serviceable tent, as well as having drawers in it, and little pockets, a spirit stove, three days' worth of iron rations and a small bottle of potent alcohol in the tip.
The hatband is slightly loose too, so that he can stash at least one pistol crossbow in it, and his fishing flies are generally sticking out of it.
And it is still, undeniably, the wide-brimmed, pointed hat of a wizard.
All in all, a hat of magnificence.