It is not that kind of "hipster". It is essentially just a bi-fold wallet that is taller than it is wide.
Exactly. I've seen that style referred to as a "coat wallet" or "breast wallet". As @patten1969 noted, they go into the inside pocket of a coat or jacket. They generally look like this:Tall ones are meant for inside coat pockets, not pants.
After buying all those wallets, I don't have any money to put in a money clip!Perfect post, perfect guide to wallets. You still need a money clip
I absolutely need a thinner, lighter one as I carry it in my front pocket and am generally wearing straight leg Dockers. So I will cross the Saddleback off the list. The Saddleback looks really great though. Probably more suited for someone wearing jeans who carries it in their back pocket maybe?