No pilling or fraying. It's in beautiful condition! It's a knit poncho, but the sleeves are short, so you can wear it in the fall and winter, and even until summer comes around ☺︎ Because it has fringe, you can wear it like a tunic. Thank you. *Please refrain from price negotiations for this item. ⭐︎Please comment before purchasing. I will check the item again for any defects and reply.