Wow, I finally disagree with Saka on something!
Joe and all,
It was bound to happen eventually... :>
One of the things about handmade cigars that has kept me so engrossed with them for the last three decades is there is very little that is absolutely right or wrong. So many interesting variables such as the tobacco to the different construction methodology to the personal likes and dislikes of each individual smoker. Plus I am really intrigues by the business and marketing aspects also and a hundred other details...
Just to be clear on my opinion since there is really two different conversations occurring in this thread:
Closed Foot: this is where the wrapper is left long at the foot and then slightly twisted and crush down back on to its face. IMO, this is aesthetic only.
Shaggy Foot: this is where the wrapper is trimmed back, typically 1/2", but can be longer, leaving at the foot the bindered bunch of filler exposed. Again IMO, this is also typically done for aesthetic reasons also, however like others have posted it does have an impact on the flavor profile upon the initial lighting and smoking of the cigar.
BR,
STS