We’ve all seen it before — that oh-too-fly red and black catskin jacket MJ rocks in his “Thriller” video. An iconic piece of pop culture, the closet collectible is now taking a tour across the country for charity.

Currently owned by Texas commodities broker Milton Verret, the coveted piece of clothing most recently helped raise $100,000 in corporate sponsorships for Superhero Kids, a non-profit organization that helps families with cancer patients.

The jacket, signed on the sleeve by the King of Pop himself, cost Mr. Verret $1.8 million but is already shaping up to be well-worth the price. Verret said he plans to keep using the jacket for good.

“There’s a lot of companies in this world that can stroke $50 million, $100 checks easy,” he told Austin’s YNN news. “We raised this first $100,000 and we are going to raise millions more.”

What do you think of Michael Jackson’s jacket going on tour for charity? Would you ever pay to see it?