|After Sly took down Sir Raleigh's storm machine and Carmelita took the pesky frog to jail, all that was left of his criminal activity was his distinctive hat floating adrift in the ocean. Raleigh's hat prevents the player from taking damage when falling in water!|
— In-game description[src]
It keeps the player from taking any damage from falling into water. This ability was first introduced in Sly Cooper and the Thievius Raccoonus, as Water Safety, and was recorded in the Thievius Raccoonus.
It used to belong to Sir Raleigh the Frog, a member of the Fiendish Five.
|Sly Cooper: Thieves in Time treasure|