That’s a Bandanna in his back pocket. I don’t know if he’s happy to see you.
New timeline: Now it’s a red cap in his back pocket
“Born in the U.S.A.”, 1984.
The cover of the album is his backside.
According to his biography, the figure is “standing before a U.S. flag wearing a white T-shirt and blue jeans, with a red bandanna tucked into his back pocket.“. The thing is, now it shows a red cap, not a bandanna.
Go check the used bins, or your immaculate collection, whatcha got….?