Kramer: So how did you come up with the idea for the belt-less trench coat?
Morty Seinfeld: I came home one night, and I tripped over one of Jerry's toys. So I took out my belt just to threaten him, and I got a glimpse of myself in the mirror.
Kramer: How serendipitous.
Morty Seinfeld: So that night, I cut off the loops and the Executive was born.
Kramer: Mmm.
Jerry: He also came up with an idea for a brimless rain-hat but that never materialized.