Sheepskin/ˈʃiːpskɪn/ Definition 1 of 2Pro Tip 1/3Physical Product Refers to actual sheepskin, often used in clothing and decor. I bought a pair of sheepskin gloves for winter. Pro Tip 2/3Warm and Soft 'Sheepskin' connotes warmth and comfort, making it popular for certain products. Sheepskin seat covers are great for a cozy drive. Pro Tip 3/3Luxury Item Sheepskin can indicate a product is of high quality and possibly expensive. He treated himself to a luxurious sheepskin jacket.