Sheared Beaver means that the fur is evenly trimmed. This type of fur is exceptionally soft, almost velvet-like. Shearing removes the guard hair but the under-fur, which provides all the insulation, still remains therefore you can wear beaver in just about any weather condition and still stay warm. Sheared beaver fur is water repellent so it is no problem if it gets wet (though you should never allow it to get soaked). Shearing minimizes overall bulk which allows for a sleeker, more polished look.