As Seen at H&M

Granted, the fur collar there was more straight across, and it had a barrette covered in the lining to help hold it closed, but this tutorial will get you pretty close.

via Craftzine

via H&M

Or for $17.95, you can get your own at H&M. The store at Santana Row had these in a light cream, a tan, and a darker brown faux fur.