In game, instead of hats (any other than default) a big 3D red "ERROR" is displayed. It used to work well till the update (the one when everyone got that paper boat hat). After loading a character's hat (in menu or in game no difference), the game would crash, and after few more updates I'm stuck with the "ERROR hat".
Anyone else got this, are there any fixes or updates planned?
NOTE: I didn't use any mods, touch Steam files or other things that would result in missing data.