Convertible garment with integral carrying strap

1. An outergarment having an upper portion and a lower portion and further comprising:

a first sleeve and a second sleeve attached to a central portion;

a cord extending proximate of the end of the first sleeve to proximate of the end of a second sleeve, the at least one cord passing through the central portion;

the cord having a handle; the handle disposed within the central portion;

wherein when the handle is pulled, the two sleeves are drawn inward, toward the central portion, and the at least one cord, extended, serves as a shoulder strap.

2. The outergarment of claim 1 , wherein the cord extends, at least partially, between two material layers of the outergarment.

3. The outergarment of claim 2 , further comprising a pair of openings through which the cord protrudes to expose the handle.

4. The outergarment of claim 3 , wherein the cord is elastic.

5. The outergarment of claim 4 , wherein the cord is enclosed within a tube as it runs between the central portion and the ends of the two sleeves.

6. The outergarment of claim 1 , wherein a bottom portion includes a closing mechanism to close the bottom portion of the outergarment to secure items placed in the outergarment, the closing mechanism selected from the group consisting of: a draw string, a zipper, a hook and loop material, a button and loop mechanism, a clasp and loop or hole mechanism, a magnet mechanism, a folding mechanism, and any combination thereof.

7. The outergarment of claim 1 , wherein a bottom portion of the outergarment and the upper portion of the outergarment include fastener portions, the fastener portions on the lower portion being constructed and arranged to couple with the fastener portions on the upper portion.

8. The outergarment of claim 7 , having the fastener portions on the lower portion coupled with the fastener portions on the upper portion thereby folding the outergarment and creating a space such that the outergarment can be used as a bag.

9. The outergarment of claim 8 having an unfolded configuration and a folded configuration, in the unfolded configuration the outergarment having a bag with an opening such that the opening hangs downward, in the folded configuration the mouth of the bag is upward and allows items to be placed therein.

10. The outergarment of claim 9 wherein the opening has a closing mechanism to close the bag and open the bag.

11. The outergarment of claim 10 wherein the closing mechanism is selected from the group consisting of: a draw string, a zipper, a hook and loop material, a button and loop mechanism, a clasp and loop or hole mechanism, a magnet mechanism, a folding mechanism, and any combination thereof.