I have just seen the hat known as Epic Punyon Beard for the first time. Does anyone have any information (or hints if you don't want to spoil it) on this mysterious hat!?!?
Here are the given (but not so useful) clues:
The hat in action:
UPDATE: Shog9 states that the beard is possible but very difficult to obtain. However based on What order are hats displayed on the leader board?, Aarthi said that they have an internal difficulty that they are ordered by and yet the beard is not placed anywhere near first. This does not add up.
UPDATE 2: The beard is not located in sprite-128.png or sprite-32.png
UPDATE 3: FYI, the user dmck has the beard.