a kind of necktie or scarf with very broad ends hanging from the knot, one upon the other
See ascot in American Heritage Dictionary 4
(ăsˈkət, -kŏtˌ)
noun
A broad neck scarf knotted so that its ends lie flat, one upon the other.
(ăsˈkət)
A village of south-central England southwest of London. The Royal Ascot horseraces, initiated by Queen Anne in 1711, are held annually in June on Ascot Heath.