The first time I saw an infomercial for this product I thought it was a Saturday Night Live skit. I couldn't get over the family at the sporting event. I have seen a lot of parodies of the infomercial but this is by far my preview.
I believe the actual infomercial is funnier due to the fact that it is trying to be serious.
I also have found out that there are lots of similar products out there. There is the Slanket, Snuggie, Freedom Blanket, and the Blankcoat.
Here is a review of all of them:
Here are my favorite comments I've read regarding the snuggie:
Not only do you still look like a giant douche wearing one, you spent $30 doing it.
See if you can wear one past airport security.
I'm not sure were I read it but someone made the comment about seeing someone at a professional sporting event and someone else made the comment about wearing CROCS with them.