A fold-out garment book in which a book unfolds to a costume. The book includes a sheet folded to define a plurality of panels which form pages of the book. The pages include printing thereon in a predetermined sequence to present a story. The sheet is unfolded as the pages are viewed in sequence with the unfolded sheet including an opening therein to permit wearing of the sheet as a costume. The panels presented when the sheet is worn in unfolded condition include printing thereon to define the costume.