A Rabbit's Foot is an animal product gathered from 
Rabbits and 
Sheep.
How to acquire Wool
You can buy a Sheepfrom 
Marnieat her Ranch for 8,000g, once you have upgraded a Barn to a Big Barn.
With sufficient happiness, a fed mature Sheep will produce Wool every 2 days.
Rabbitsare unlocked when you upgrade a Big Coop to a Deluxe Coop. You can then purchase them from Marnieat the Ranch for 8,000g.
With sufficient happiness, a fed mature Rabbitwill produce Wool every 4 days.
You can also purchase Wool from the Traveling Cart for 1,695-2,825g.
You may also receive Wool from 
Emily as a gift.
How to use Wool
Wool can be used with a 
Loom to produce 
Cloth, which takes 4 hours to complete. Higher quality Wool has a chance to produce 2x Cloth, with Iridium quality Wool guaranteeing 2x Clothafter processing.
It can also be used to complete the Animal Bundle in the Community Center Pantry.
Wool can also be used to create a Plain Shirt in the sewing machine or as a white dye at Emily and 
Haley's house.
You may receive a request via the notice board outside the General Store for Wool.