While other older cosmetics have aged well, if I'm honest, this is not one of them. If you're wanting a cloak with leaves on it, then the much newer Cloak of the Autumn Sage will serve you better, I think.
That said, you may like it! Beauty and the Eye of the Beholder, and all that. It's not a DisneyTM movie, but sounds like it should be.
Get the Cloak of Falling Leaves for Free
And although the Wiki doesn't say it, I'm fairly sure that the Cloak of the Falling Leaves may be found in the "Poorly-Hidden Chest" (or one of the others) in the Haunted Burrow.
Cloak of the Falling Leaves on the Wiki
For more information, you can find this item on LOTRO-Wiki.
Cloak of the Falling Leaves Information
- Festival/Event: Fall Festival
- Price: 12 × Fall Festival Tokens
- Set Name:
- Gear Slot: