It's an umbrella that looks like a sword. Or maybe it's a sword that looks like an umbrella.
The umbrella, which is over a metre long, is modelled after the sword carried by the heroine Saber of the Fate/stay night visual novel.
Yours for ¥10,000, or $126. The official release is this August.
Saber's Excalibur Umbrella [GIGAZINE]