Yes, I see you got your brand new leopard-skin pillbox hat
The pillbox hat was fashionable during the early 60s, famously worn by Jackie Kennedy (see picture in previous annotation). Here is a similar hat worn by Audrey Hepburn in the movie Charade, 1963.
The style of hat would have already been on the way out of fashion by the time Dylan wrote the song in 1965.
To help improve the meaning of these lyrics, visit "Leopard-Skin Pill Box Hat" by Bob Dylan Lyrics and leave a comment on the lyrics box