CHINESE GOATEE

What the heck is up with this funny looking goatee I am seeing these days.  Hangs off the chin, pulled in a triangle and has a rubber band around it.  One of the most ridiculous things I have seen in along time.  What is this called, anyone know or does it even have a name.  I just saw a guy , he must have been in his 50's with one.  Does this mean you are real tough and I should be careful what I say, or is it a gang symbol?  Maybe it's some sort of club initiation.  Anyone with any idea, help me out..  Let's TALK