No, it's called "camauro", a white fur-trimmed red bonnet reserved to Popes in place of the biretta.
but, Walter, who made that crazy Pope hat?
That's my question. Is it Prada? Like his red shoes? Or were they Gucci and his sunglasses Prada?
Regardless of who made it, it looks suspiciously like a Santa hat.
Say...you don't think?!?!?
Well, it would explain how Santa always knows who's been naughty and nice. He's got a direct line to God.
I shoulda known that Santa would live in Italy. I really shoulda.