It looks like an Ugg that mated with a leather legging, it's made by something called the Australia Luxe Collective, and it's $175 (on sale, eyeroll) at the Outnet right now.
The back cover of the March Free People catalog featured The Ugliest Shoes Ever Conceived. Viewing those shoes was such a traumatizing experience, we delayed actually looking inside the pages, should worse monstrosities lurk there. Guess what? They do!