This Umbrella Doubles As a Rain Poncho

As the rainy season approaches, Japanese gadget company Thanko has released an umbrella that doubles up as a rain poncho -- giving a new definition for weather-ready fashion.Slightly larger than a folded umbrella, the well-designed product can be used as a conventional umbrella for light rain, and when the weather starts to pick up, you simply remove the six caps on the canopy for an extra layer that prevents your backpack from getting soaked. The transformations don't stop there as there's even...