I don't know if this has been already posted, but Lovesac is a brand name with stores in many malls across the country and on QVC.
Lovesac was originally started in Utah.
It is simply similar to a bean bag chair, or it can be low to the floor pillow, much like a love seat.
http://www.lovesac.com/sacs/pillowsac-package-sandstorm-chevron-microterry.html
they sure aren't cheap...