Thrasher merch is now widely regarded as an anti-brand in the skateboarding community. Only poseurs (the term of art for people who dress like skateboarders but don't actually skateboard) wear it.
Yes, for millions of skateboarders it was essential pre-2020. Not it's fault it became trendy for people like Rihanna to sport an edgy skater aesthetic.
I have stacks of them still saved in boxes from the 80's.