Rain-proof Umbrella

I received an email from my colleague which shows this witty rain-proof umbrella concept (see pic). This piece of umbrella spells novelty and I think most likely I can only come across it in a novelty shop or something, without having to fly to Japan that is. However, I was skeptical if this qualifies for easy storage for as you can see, there's a lot more material that needs to be packed! Nevertheless, this is one head turner when the rain comes pouring down and it serves its purpose to its best; to keep its user(s) safe and dry under it!