I used synthetic microsuede for my jacket. It has a nice weight overall, and billows/flows when there's wind |D
It was also nice because it wasn't overly expensive, at $7.99/ yd at the local Yardage Town.
My first fabric choice was a heavier, more expensive suitlining that didn't really work out at all.
If you'd like to go the figure - look route, you could probably use vinyl, but in my opinion that look is good for ... well, toys. You could try pleather, which has a bit more of a matte look (but still has some shine to it) and drapes /flows better.
Hope that helps : D