On my character named Faithe Allow (Slave) the cloak seems to be completely bugged. I have no clue what is the cause for it, as Dm Hoodoo has tried helping me aswell. I have not tried changing my clothes in a very long time so I have no clue when it began bugging out, but I have been successful in changing and viewing the cloaks in the past on that very same character.
Usually you can resolve it by taking them to the editor room, copying their appearance to the model. Then resetting the model to default and copying the models appearance to you.
Did you recently adjust your appearance in the editor room?
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Okay, so I had this "problem". what happened was I shifted the Graphics Options to Low. This includes visible cloaks. It's the Render Cloak options. All I had to do was click it back on. The options for Render Cloaks is near the bottom of the Graphics Options.
Qeelak is on a serious drinking binge right now. No big deal!