The issue has been raised many times before, it's as divisive an item as classic hats and other vintage inspired fare. Classy or out-dated depending on which side of the fence you sit.
To directly answer the question - this type of man:
I recognise I'm in the minority by saying I think it can still work today. I think it should be done in a more understated fashion though - dark blues or reds, little if any patterning and worn low so as not to be too 'in your face'. Can no longer be paired with a hat or other by-gone items at the same time, that way lies extremity and costume, sadly.