Answer:

tassel

Answer	Crossword Clue
TASSEL	Fez feature
TASSEL	Mortarboard feature
TASSEL	Hanging frill

TASSEL	Mortarboard's ornament
TASSEL	Graduation dangler
TASSEL	Ornament, in a way
TASSEL	Clothes hanger
TASSEL	Hanging ornament
TASSEL	Drapery ornament
TASSEL	Mortarboard hanger
TASSEL	Loafer doodad

TASSEL	Fringe element?
TASSEL	Mortarboard dangler
TASSEL	Fez attachment
TASSEL	It's shifted at graduation
TASSEL	Mortarboard adornment
TASSEL	Fringe benefit of graduation?
TASSEL	Graduation cap adornment
TASSEL	Drapery decoration

TASSEL	Cornstalk strand
TASSEL	Curtain ornament
TASSEL	Fez topper
TASSEL	Stocking cap topper
TASSEL	Loafer adornment
TASSEL	Mortarboard frill
TASSEL	Graduation hanger
TASSEL	Mortarboard attachment

TASSEL	Loafer attachment
TASSEL	Corded adornment
TASSEL	Commencement-hat attachment
TASSEL	Grad's cap attachment
TASSEL	Graduation-cap attachment
TASSEL	Loafer decoration
TASSEL	Graduation-cap ornament
TASSEL	Graduation cap attachment

TASSEL	Graduation cap dangler
TASSEL	Graduation cap topper
TASSEL	Tarboosh topper
TASSEL	Corn silk.
TASSEL	Pendent ornament.